https://sg.finance.yahoo.com/news/noble-gets-3-us-700m-034200995.html
The survival of Noble now rests on the outcome of the debt restructuring. Credit facilities may get cancelled by the banks if the debt restructuring plan fails. It is a common practice for banks to reduce their risks by recalling loans during any crisis time.
Let's see how bad the loss is for the Q4 2017.
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https://sg.finance.yahoo.com/news/noble-group-flags-1-9-billion-q4-loss-043356450--finance.html
OMG! Noble is forecast to report a loss of about $1.9b for Q4 2017, bringing a total loss of about $4.9b for 2017.
https://sg.finance.yahoo.com/news/noble-groups-5-billion-estimated-loss-could-push-050148812--finance.html
Noble is virtually bankrupt now after reporting a 5B loss in 2017. Noble is in an urgent need to restructure or else it will have to close down.
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