OTHERS SAPURA ENERGY BERHAD ASSISTANCE TO MEDIATE BY THE CORPORATE DEBT RESTRUCTURING COMMITTEE OF BANK NEGARA MALAYSIA
|SAPURA ENERGY BERHAD|
SAPURA ENERGY BERHAD ASSISTANCE TO MEDIATE BY THE CORPORATE DEBT RESTRUCTURING COMMITTEE OF BANK NEGARA MALAYSIA
The Board of Directors of Sapura Energy Berhad (“SEB”) wishes to announce that the Corporate Debt Restructuring Committee of Malaysia (“CDRC”), a committee under the purview of Bank Negara Malaysia (“BNM”), has on 1 September 2022 accepted SEB’s application for assistance to mediate in the debt restructuring negotiations with its MCF Financiers (“Lenders”), being certain financial institutions who have provided multicurrency facilities to Sapura TMC Sdn. Bhd., under:
SEB and nine of its subsidiaries, who are obligors to the MCF Financiers, which are listed in the Appendix 1 (“Admitted Group Companies”), were admitted with effect from that date.
Following the CDRC’s acceptance of SEB’s application, CDRC has issued a letter addressed to:
The operations of the SEB Group shall continue as usual in the interim.
Further announcements will be made as and when appropriate.
This announcement is dated 5 September 2022.
Please refer attachment below.
|Company Name||SAPURA ENERGY BERHAD|
|Date Announced||05 Sep 2022|
|Category||General Announcement for PLC|