Brief: Petrofac Limited Petrofac Limited Reports Delay To Publication Of 2023 Results & Updates On Restructuring

Petrofac

29/04/2024 07:36

April 29 (Reuters) - Petrofac Ltd  PFC.L :
    * PETROFAC LIMITED PETROFAC LIMITED: DELAY TO PUBLICATION OF
2023
RESULTS, UPDATE ON RESTRUCTURING AND TRADING UPDATE
    * PETROFAC: EXPECTS A SHORT DELAY IN ISSUING ITS AUDITED
FULL YEAR
2023 RESULTS
    * PETROFAC: HAS ENGAGED WITH FCA
    * PETROFAC: AN AD-HOC GROUP OF SENIOR SECURED NOTEHOLDERS
HAVE
MADE A PROPOSAL TO PROVIDE FURTHER CREDIT TO BUSINESS OF UP TO
US$300 MILLION
    * PETROFAC: ACTIVE DISCUSSIONS WITH CREDIT PROVIDERS TO
OBTAIN
REQUIRED GUARANTEES
    * PETROFAC: DOES NOT EXPECT TO MAKE PAYMENT OF BOND COUPON
ON DUE
DATE OF 15 MAY
    * PETROFAC: WILL SEEK TO ENGAGE WITH OTHER NOTEHOLDERS IN
COMING
WEEKS
    * PETROFAC: EXPECTS TO RECOGNISE AN INCREMENTAL LOSS IN ITS
E&C
DIVISION OF APPROXIMATELY US$130 MILLION FOR 2023
    * PETROFAC: EXPECTS TO REPORT AN EBIT FOR 2023 WHICH COULD
BE UP
TO US$15 MILLION TO US$20 MILLION LOWER THAN PREVIOUSLY GUIDED

Further company coverage:  PFC.L 

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