Petrofac Limited Updates on Financial Restructuring Court Process

Petrofac Limited has provided an update on its financial restructuring process following a recent court hearing. The Convening Hearing, initially scheduled, has been adjourned to either 20 or 21 March 2025. The court aims to expedite the process, outlining intentions for the Sanction Hearing to conclude by mid-April 2025. This restructuring highlights the complexity and urgency involved in the transaction.

The company commits to keeping its stakeholders informed in compliance with disclosure obligations. Upcoming dates for the General and Creditor Meetings will be provided. Stakeholders can reach the company through its communication channels for further information.