Brief: Petrofac Says The Proposed Restructuring Includes Committed New Funding Of $325 mln

Petrofac

22/12/2024 21:39

Dec 22 (Reuters) - Petrofac Ltd  PFC.L :
    * PETROFAC ENTERS LOCK-UP AGREEMENT AND ANNOUNCES
COMPREHENSIVE
FINANCIAL RESTRUCTURING - STATEMENT
    * PETROFAC - MAY UPSIZE NEW EQUITY ISSUANCE BY UP TO US$25M
IN
AGGREGATE PRIOR TO RESTRUCTURING EFFECTIVE DATE
    * PETROFAC - THE PROPOSED RESTRUCTURING INCLUDES  COMMITTED
NEW
FUNDING OF $325MLN
    * PETROFAC - CONVERSION OF APPROXIMATELY US$772M OF EXISTING
DEBT
INTO EQUITY

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