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The latest update is out from Petrofac ( (GB:PFC) ).
Petrofac is progressing with its financial restructuring plan, having gained significant support from bondholders for the Consent Solicitation, a key component of the plan. Over 70% of bondholders have committed to the restructuring, with ongoing discussions with other creditors. The company has adjusted its restructuring timeline to accommodate remaining conditions, with key dates set in February and March 2025.
More about Petrofac
Petrofac is a leading international service provider to the energy industry, specializing in designing, building, managing, and maintaining infrastructure for oil, gas, refining, petrochemicals, and renewable energy sectors. It operates primarily in the Middle East, North Africa, and the UK North Sea, with significant presence in India, South East Asia, and the United States. Petrofac is listed on the London Stock Exchange.
YTD Price Performance: 2.35%
Average Trading Volume: 2,564,057
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £44.76M
For detailed information about PFC stock, go to TipRanks’ Stock Analysis page.
