13th Aug 2018 12:14
LONDON (Alliance News) - Petrofac Ltd said Monday that it secured USD300 million in new bank facilities with existing banks.
The new facilities will mature in 2020 and will be used by the oilfield services provider for additional liquidity and to reduce the use of its existing revolving credit facility.
Petrofac shares were trading 3.2% higher on Monday at 640.60 pence each.
Related Shares:
Petrofac