Noble Environmental Power LLC, a wind-energy company backed by billionaire Michael Dell, filed for bankruptcy protection yesterday in a debt-for-equity restructuring deal, the Wall Street Journal reported today. Noble entered chapter 11 protection with a restructuring deal that gives sole control of the Centerbrook, Conn., energy company to Dell Inc. Chairman and Chief Executive Michael Dell’s investment operation, MSD Capital. MSD Capital, which already owns 54 percent of Noble, will take a 100 percent stake in the reorganized wind-energy company. In exchange the investment company will forgive about 10 percent, or $21.5 million, of the $215 million in debt it’s owed, said Kay McCall, Noble’s chief executive, in court papers.
