Noble Corp. (NE) has announced that it will not make a $15 million interest payment on its 7.750% senior notes due 2024. As always in such cases, the company has a 30-day grace period to make the payment before failure to make the payment constitutes an "event of default".
Noble Corp. commented: "[…] the company is actively engaged in discussions with certain of its creditors regarding a potential consensual restructuring transaction. No agreement has been reached, and the company cannot provide any assurance whether, or when, the company will reach an agreement with such creditors