Learn more

Energy services company Petrofac Limited announced on Monday the extension of its forbearance agreement with noteholders concerning the non-payment of interest on senior secured notes. The deadline has been pushed from June 30 to July 25 this year. “The forbearance agreement provides an assurance that relevant noteholders will not take any action in respect of the non-payment of the coupon until at least July 25, 2024, in order to provide further time for the group’s financial restructuring to be progressed,” the company said in a press release. The agreement is entered into by a group of note…

cuu