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Noble Faces Key Deadlines as Default Threat Looms

  • Firm is said to have met with creditors in Hong Kong Wednesday
  • Noble’s covenant waiver for revolving facility expires Dec. 20
Noble Group Ltd. signage sits on display outside during an investor day in Singapore, on Monday, Aug. 17, 2015. Noble pledged to increase operating profit to more than $2 billion in the next three to five years as Asia's largest commodity trader sought to reassure investors about its long-term prospects.
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Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a $3.5 billion debt restructuring.

Once Asia’s largest commodity trader, Noble’s decline since 2015 has been marked by losses, concern it won’t be able to pay its debt and accusations from long-time foe Iceberg Research that it inflated the value of some contracts. The next few weeks will be crucial, as Noble looks to push its debt restructuring through.