{"id":62048,"date":"2018-01-29T00:50:09","date_gmt":"2018-01-29T05:50:09","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=62048"},"modified":"2018-01-31T00:15:29","modified_gmt":"2018-01-31T05:15:29","slug":"noble-group-reaches-in-principle-deal-to-restructure-debt","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2018\/noble-group-reaches-in-principle-deal-to-restructure-debt.html","title":{"rendered":"Noble Group Reaches In-Principle Deal to Restructure Debt"},"content":{"rendered":"<p>\n(Bloomberg) Noble Group Ltd. reached an in-principle deal to restructure $3.5 billion in debt, saving the troubled commodity trader from bankruptcy at the cost of handing control to creditors and all but wiping out current shareholders.   After a three-year crisis marked by massive losses, writedowns and controversial accounting, Noble management, bank creditors, and bondholders reached an agreement that will convert half of the debt &#8212; roughly $1.7 billion &#8212; into new equity, the company said on Monday.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-29\/noble-group-said-to-reach-in-principle-deal-to-restructure-debt\">To Read this Article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Noble Group Ltd. reached an in-principle deal to restructure $3.5 billion in debt, saving the troubled commodity trader from bankruptcy at the cost of handing control to creditors and all but wiping out current shareholders. After a three-year crisis [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62048","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=62048"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62048\/revisions"}],"predecessor-version":[{"id":62049,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62048\/revisions\/62049"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=62048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=62048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=62048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}