Article From Offshore Engineer Magazine: Noble Corp. Files for Bankruptcy

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.

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