Petrofac Ltd. (POFCF)
OTC PINK OTC PINK Primary 
Petrofac Plans to Undergo Financial Restructuring to Boost Liquidity
POFCY's financial restructuring plan to convert a significant portion of its debt into equity is a significant step toward strengthening the company's balance sheet.
UK's Petrofac plummets as half-yearly losses surge
Shares of British oilfield services provider Petrofac dropped 33% on Monday after the company reported a bigger half-yearly losses, amid difficulties in closing legacy contracts in its biggest division.
Petrofac extends forbearance agreement with some of its debtholders
Petrofac (Petrofac Limited (LSE:PFC)) told investors it extended a forbearance agreement, with 47% of holder of a senior secured notes, which allows it more time to work on its ongoing financial restructuring. The consenting noteholders agree not to take any action in respect of the non-payment of the note's interest coupon until at least 20 September 2024.
Petrofac shares rally despite 'fragile financial state' warning
Petrofac Limited's (LSE:PFC) rollercoaster year saw the shares rally as they returned from suspension after it published its accounts for 2023. Net debt at the end of December was confirmed at US$583 million after losses for the year of US$506 million on revenues down slightly at US$2.49 billion.
