Kirkland Represents Noble Group on $1.3 Billion Restructuring

Kirkland & Ellis advised Noble Group, a major global commodities trading business, on the successful $1.3 billion financial restructuring of its trading business which completed on 4 April 2022.

The restructuring resulted in a significant deleveraging and reorganisation of the Noble Group and was implemented by way of a lender-led BVI share pledge enforcement and the subsequent sale of Noble’s trading business to a newly incorporated entity ultimately owned by Noble Group’s senior secured creditors.

Following the restructuring, the Noble Group will continue to operate as normal and the trading business in particular has reported record operational and financial results.

The Kirkland team was led by restructuring partners Hannah Crawford, Neil McDonald, Kon Asimacopoulos, capital markets partner Cedric Van Den Borren, and debt finance partner Ambarish Dash and associates Patrick Mackenzie and Oliver Johnson-Munday.