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Thursday, December 7, 2017

Noble Group's bankruptcy alert.

https://www.bloomberg.com/news/articles/2017-12-07/noble-group-faces-key-deadlines-as-threat-of-default-lingers?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo

Noble Group's default threat looms.  If Noble cannot extend its USD$1.1b credit facility in December, it will go into default mode as it has USD$3.5b debt to pay.

Noble has just lost DBS support.  If the next bank refuses to grant the credit facility extension, the game is over for Noble.

1 comment:

Eric Ho said...

https://sg.finance.yahoo.com/news/time-bomb-ticks-louder-noble-093600102.html

Tomorrow is judgment day for Noble.