UPDATE 1-UK's Petrofac plummets as half-yearly losses surge Adds details in paragraphs 2-6 Sept 30 (Reuters) - Shares of British oilfield services provider Petrofac PFC.L dropped 33% on Monday after the company reported bigger half-yearly losses amid difficulties in closing legacy contracts in its biggest unit. After a boom in orders due to high oil prices in 2022, the firm has been struggling with a string of profit warnings related to legacy contracts and payment delays at its largest division

UK's Petrofac plummets as half-yearly losses surge Sept 30 (Reuters) - Shares of British oilfield services provider Petrofac PFC.L dropped 33% on Monday after the company reported a bigger half-yearly losses, amid difficulties in closing legacy contracts in its biggest division. The Jersey-based company reported its net loss widened to $208 million in the six months ended June 30 from $141 million in the same period last year.

BUZZ-UK's Petrofac falls as H1 loss swells ** Shares of oilfield services provider Petrofac PFC.L down 19.3% at 15.8p ** Co says H1 operating loss swells to $152 mln from $79 mln last year amid difficulty in closing legacy contracts in its engineering & construction (E&C) division ** Says operating activity in E&C, its biggest division, is expected

BRIEF-Petrofac Reports H1 EBIT Loss Of $106 Million Sept 30 (Reuters) - Petrofac Ltd PFC.L : PETROFAC LIMITED PETROFAC LIMITED: RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024 PETROFAC - GROUP BUSINESS PERFORMANCE FIRST HALF EBIT LOSS OF US$(106) MILLION PETROFAC - H1 FREE CASH OUTFLOW $36 MILLION, NET DEBT $622 MILLION, GROSS LIQUIDITY $164 MILLION

UPDATE 1-UK's Petrofac strikes in-principle deal to restructure finances Adds details and background in paragraphs 2-5 Sept 27 (Reuters) - London-listed oilfield services provider Petrofac PFC.L said on Friday it had reached an in-principle agreement with some of its key stakeholders for a financial restructuring. The proposed restructuring involves raising funds through equity financing and conversion of most of its debt into equity.

BRIEF-Petrofac Limited Announces In-Principle Agreement On Financial Restructure Sept 27 (Reuters) - Petrofac Ltd PFC.L : REG-PETROFAC LIMITED PETROFAC ANNOUNCES IN-PRINCIPLE AGREEMENT ON FINANCIAL RESTRUCTURE PETROFAC: PROGRESSING DISCUSSIONS ON PROPOSED FINANCIAL RESTRUCTURE WITH ITS BANK LENDING GROUP PETROFAC: AIMS TO ANNOUNCE LOCK-UP AGREEMENT

UK's Petrofac strikes in-principle deal to restructure finances Sept 27 (Reuters) - London-listed oilfield services provider Petrofac PFC.L said on Friday it had reached an in-principle deal with some key stakeholders for a financial restructuring. The proposed restructuring involves plans to raise new funds through equity financing as well as conversion of most of its debt into equity.

BUZZ-UK's Petrofac rises on debt payment deadline extension ** Shares of oilfield services provider Petrofac PFC.L up 3.5% at 17.86p ** Co extends forebearance agreement for missed interest payment on its senior secured notes ** Marks new deadline of Oct. 18 from prior date of Sept. 20 ** Extension to allow company additional time for restructuring

BRIEF-Petrofac Limited Extends Forbearance Agreement Till Oct 18 Sept 23 (Reuters) - Petrofac Ltd PFC.L : REG-PETROFAC LIMITED PETROFAC LIMITED: PETROFAC EXTENDS FORBEARANCE AGREEMENT PETROFAC: EXTENDED ITS EXISTING FORBEARANCE AGREEMENT IN RESPECT OF NON-PAYMENT OF INTEREST COUPON PETROFAC: PROVIDES ASSURANCE THAT THESE NOTEHOLDERS WILL NOT TAKE A

BUZZ-London-listed Petrofac rises after extending debt payment deadline ** Shares of oilfield services provider Petrofac PFC.L up 3.9% at 16.38p ** Stock among top gainers on the FTSE small cap index .FTSC which is up 0.16% ** Co extends forbearance agreement regarding the missed interest payment on its $600 mln senior secured notes ** The extension moves the deadline from Aug.

BRIEF-Petrofac Extends Existing Forbearance Agreement To September 20 Aug 23 (Reuters) - Petrofac Ltd PFC.L : PETROFAC EXTENDS FORBEARANCE AGREEMENT EXTENDED ITS EXISTING FORBEARANCE AGREEMENT TO 20 SEPTEMBER Source text for Eikon: ID:nEQ9qClnYa Further company coverage: PFC.L

BRIEF-Petrofac Reaches Alternative Agreement With Key Customer For Performance Guarantee Requirements Under Contract July 26 (Reuters) - Petrofac Ltd PFC.L : PETROFAC: REACHED ALTERNATIVE AGREEMENT WITH KEY CUSTOMER FOR PERFORMANCE GUARANTEE REQUIREMENTS UNDER CONTRACT PETROFAC: AGREEMENT CURES DEFAULT NOTICE RECEIVED FROM CUSTOMER PETROFAC: EXTEND