Petrofac Faces Share Suspension Amid Refinancing Strategy

Tuesday, 30 April 2024, 08:22

Petrofac, a notable player in the energy sector, has decided to suspend its shares as part of a refinancing strategy. The company's full-year results are delayed by a month, and noteholders are considering a $300 million credit infusion. The move indicates efforts to address financial concerns and reshape the company's standing in the market.

Key Points:

Petrofac has chosen to suspend its shares

Details:

Full-year results postponed for a month
Option of up to $300m credit from noteholders

Overall, Petrofac is navigating challenges through strategic financial decisions, aiming to stabilize and regain market confidence.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Key Points:

Details:

Related posts