UK's Petrofac rises on debt payment deadline extension

Petrofac

23/09/2024 09:10

** Shares of oilfield services provider Petrofac  PFC.L  up
3.5% at 17.86p
    ** Co extends forebearance agreement for missed interest
payment on its senior secured notes
    ** Marks new deadline of Oct. 18 from prior date of Sept. 20
    ** Extension to allow company additional time for
restructuring actions to progress
    ** PFC shares fell ~51% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))