August 3, 2020 – Offshore oil and gas driller Noble Corp said on Friday it had filed for chapter 11 bankruptcy protection to restructure debt, following a historic fall in energy prices.

A Noble Corp. Drillship - Credit: Alistair Peterson - MarineTraffic

The company said it would swap all its bond debt, which accounts for more than $3.4 billion of its total debt, with equity in the restructured company.

Read more:  http://www.oedigital.com/news/480626-noble-corp-files-for-bankruptcy?utm_source=AOGDigital-ENews-2020-08-03&utm_medium=email&utm_campaign=OEDigital-ENews

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