Bloomberg Law
March 21, 2018, 2:11 PM UTC

The Cost of Noble’s Restructuring Likely to Top $100 Million

• Noble agrees to foot bill for bankers, lawyers and PR advisers • Mounting costs come as troubled trader defaults on debt

The cost of Noble Group Ltd.’s restructuring is likely to top $100 million, another financial burden for the cash-strapped commodities trader that has defaulted on its bonds.

The estimated price tag for advisers and other expenses, based on disclosures in regulatory filings, is approaching the company’s entire market value of $114 million as Noble pays fees to the company’s creditors and foots much of the bill for the 11 law firms, investment banks and public relations consultants working ...

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