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Petrofac Signs Lock-Up Agreement for Financial Restructuring
Dec 24, 2024•over 1 year ago
Contract Type
agreement
Construction
Description
Petrofac Ltd. has signed a lock-up agreement with creditors to lay the terms for a financial restructuring, including new debt and equity. The agreement formalizes the in-principle agreement announced by the company with certain key stakeholders, including an ad hoc group of holders of senior secured notes and other noteholders.
Company Information
Company
Petrofac Ltd
About
Petrofac Ltd. is a Jersey-based engineering company.
Predictive Intelligence
Strategic
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