Petrofac (GB:PFC) has released an update.
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Petrofac Limited has extended its forbearance agreement regarding the non-payment of interest on senior secured notes until November 15, 2024. The company is actively working with creditors and stakeholders to finalize a financial restructuring plan, with a lock-up agreement announcement expected soon. Meanwhile, Petrofac continues to manage its financial obligations, including revolving credit and term loan balances.
For further insights into GB:PFC stock, check out TipRanks’ Stock Analysis page.