Noble gets nod from 75% of senior creditors for restructuring support agreement

EMBATTLED commodities firm Noble Group on Wednesday said that it has secured approval from 75 per cent of the senior creditors to take on a restructuring support agreement (RSA) - 75 per cent being the approval threshold for the RSA.

The RSA, which will see the restructuring of the existing senior claims and other unsecured liabilities, includes the provision of a new three-year committed US$600 million trade finance and a US$100 million hedging facility.