Brief: Petrofac Limited Announces In-Principle Agreement On Financial Restructure

Petrofac

27/09/2024 18:17

Sept 27 (Reuters) - Petrofac Ltd  PFC.L :
    * REG-PETROFAC LIMITED PETROFAC ANNOUNCES  IN-PRINCIPLE
AGREEMENT
ON FINANCIAL RESTRUCTURE
    * PETROFAC: PROGRESSING DISCUSSIONS ON PROPOSED FINANCIAL
RESTRUCTURE WITH ITS BANK LENDING GROUP
    * PETROFAC: AIMS TO ANNOUNCE LOCK-UP AGREEMENT WITH FINAL
TERMS IN
COMING WEEKS
    * PETROFAC: AIMS TO ANNOUNCE A LOCK-UP AGREEMENT WITH FINAL
TERMS
IN COMING WEEKS
    * PETROFAC: RESTRUCTURING REDUCED GUARANTEE REQUIREMENT OF
ABOUT
$100 MILLION NEW PERFORMANCE SECURITY FOR 2023 CONTRACT
    * PETROFAC: PROPOSED FINANCIAL RESTRUCTURE COMPRISE NEW
LONG-TERM
FUNDING UNDERWRITTEN BY AN AD HOC GROUP OF SENIOR SECURED
NOTEHOLDERS


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