UK's Petrofac says court upholds appeal against restructuring plan
01/07/2025 11:19
July 1 (Reuters) - Britain's Petrofac PFC.L on Tuesday said a UK court upheld an appeal brought by some of the oilfield services provider's creditors against the approval of a restructuring plan that would unlock $355 million in new funding. The company is studying the judgment and will discuss next steps with stakeholders, it said in a statement. (Reporting by Raechel Thankam Job in Bengaluru; Editing by Leroy Leo) ((RaechelThankam.Job@thomsonreuters.com))
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