Petrofac Limited: Court Of Appeal Upholds Appeal Against Restructuring Plan

DJ Petrofac Limited: COURT OF APPEAL UPHOLDS APPEAL AGAINST RESTRUCTURING PLAN

Petrofac Limited ( PFC) 
Petrofac Limited: COURT OF APPEAL UPHOLDS APPEAL AGAINST RESTRUCTURING PLAN 
01-Jul-2025 / 10:59 GMT/BST 
 
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TUESDAY 1 JULY, 1000 UK TIME 
 
  
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
COURT OF APPEAL UPHOLDS APPEAL AGAINST RESTRUCTURING PLAN 
 
The Court of Appeal has today upheld an appeal, brought by certain creditors connected with the Thai Oil project, 
against the Order of the High Court which sanctioned the Restructuring Plans of Petrofac Limited and Petrofac 
International (UAE) LLC. 
 
The appeal was upheld on narrow grounds associated with the terms of the New Money financing and the evidence provided 
in support of it, that had previously been accepted by the High Court. All other grounds of appeal were unsuccessful. 
 
The Company is carefully studying the detailed judgment, which was made available to it this morning, and will discuss 
with key stakeholders the implications of the judgment and potential routes forward. 
 
The Company will provide further updates in due course. 
 
  
 
ENDS 
 
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The issuer is solely responsible for the content of this announcement. 
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ISIN:     GB00B0H2K534 
Category Code: MSCU 
TIDM:     PFC 
LEI Code:   2138004624W8CKCSJ177 
Sequence No.: 394517 
EQS News ID:  2163284 
  
End of Announcement EQS News Service 
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(END) Dow Jones Newswires

July 01, 2025 05:59 ET (09:59 GMT)