{"id":49432,"date":"2024-09-29T20:03:09","date_gmt":"2024-09-29T17:03:09","guid":{"rendered":"https:\/\/www.al-sindbad.net\/petrofac-reaches-deal-in-principle-on-debt-for-equity-swap\/49432\/"},"modified":"2024-09-29T20:03:09","modified_gmt":"2024-09-29T17:03:09","slug":"petrofac-reaches-deal-in-principle-on-debt-for-equity-swap","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/petrofac-reaches-deal-in-principle-on-debt-for-equity-swap\/49432\/","title":{"rendered":"Petrofac reaches deal in principle on debt-for-equity swap"},"content":{"rendered":"<p><\/p>\n<p>Petrofac has secured a preliminary deal with some of its key stakeholders that will see creditors convert a majority of the UK energy services company\u2019s debt into equity. Under the proposed agreement, which will significantly dilute existing shareholders, Petrofac will get new long-term funding underwritten by an ad hoc group of senior secured noteholders, and &#8230;<\/p>\n<\/p>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Petrofac has secured a preliminary deal with some of its key stakeholders that will see creditors convert a majority of the UK energy services company\u2019s debt into equity. Under the proposed agreement, which will significantly dilute existing shareholders, Petrofac will get new long-term funding underwritten by an ad hoc group of senior secured noteholders, and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":49433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[1202,22706,14626,12219,3163,3689,7340],"class_list":["post-49432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-port-news","tag-deal","tag-debtforequity","tag-petrofac","tag-principle","tag-reaches","tag-swap","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/49432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=49432"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/49432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/49433"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=49432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=49432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=49432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}