What is the main topic?

The main topic is Petrofac securing High Court approval for a $355 million funding boost to reduce its debt.

Why did Petrofac need restructuring?

Petrofac needed restructuring due to cost overruns and payment delays, leading to multiple profit warnings.

What is the significance of the funding?

The $355 million funding is significant as it helps Petrofac reduce its debt and stabilize its financial position.

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Home > Finance > UK's Petrofac secures court approval for $355 million funding boost

Finance

UK's Petrofac secures court approval for $355 million funding boost

Published by Global Banking & Finance Review®

Posted on May 20, 2025

1 min read

Last updated: January 23, 2026

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UK's Petrofac secures court approval for $355 million funding boost

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Petrofac Secures Court Approval for $355M Funding Boost

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