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Petrofac ( (GB:PFC) ) has shared an announcement.
Petrofac has announced updates to its financial restructuring plan, which includes finalizing agreements with key stakeholders to proceed with court hearings and increasing the total equity raise to $224 million. The restructuring aims to secure cash collateral for performance bonds and offers creditors participation opportunities, with 73.7% of bondholders supporting the plan.
More about Petrofac
Petrofac is a leading international service provider to the energy industry, specializing in the design, construction, management, and maintenance of oil, gas, refining, petrochemical, and renewable energy infrastructure. The company primarily operates in the Middle East, North Africa, and the UK North Sea, and it is listed on the London Stock Exchange.
YTD Price Performance: -15.88%
Average Trading Volume: 2,434,610
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £37.04M
For a thorough assessment of PFC stock, go to TipRanks’ Stock Analysis page.