Brief: Petrofac Reaches Alternative Agreement With Key Customer For Performance Guarantee Requirements Under Contract

Petrofac

26/07/2024 18:56

July 26 (Reuters) - Petrofac Ltd  PFC.L :
    * PETROFAC: REACHED ALTERNATIVE AGREEMENT WITH KEY CUSTOMER
FOR
PERFORMANCE GUARANTEE REQUIREMENTS UNDER CONTRACT
    * PETROFAC: AGREEMENT CURES DEFAULT NOTICE RECEIVED FROM
CUSTOMER
    * PETROFAC: EXTENDED FORBEARANCE AGREEMENT FOR NON-PAYMENT
OF
INTEREST COUPON ON SENIOR SECURED NOTES TO AUG 23
    * PETROFAC: AGREEMENT WITH  AD HOC GROUP OF NOTEHOLDERS
REPRESENTING ABOUT 47% OF OUTSTANDING SENIOR SECURED NOTES, SOME
OTHER ACCEDING NOTEHOLDERS

Source text for Eikon:  ID:nEQ7npWyZa 
Further company coverage:  PFC.L 

 ((Reuters.Briefs@thomsonreuters.com;))