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Noble Corp debt restructuring clears path to US bankruptcy exit

Noble Corp expects to be out of bankruptcy by the end of the year or early 2021. It will swap its bond debt for equity and raise $200m in new notes and a $675m secured credit facility from lenders

Texas offshore drilling contractor Noble Corp has cleared its way out of Chapter 11 after a court approved its restructuring plan, which reduces its debt from about $4bn to $450m

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