BOURBON Corporation confirms having received a financial restructuring offer from it main lenders and lessors
05 Juin 2019 - 11:09AM
Marseilles, 5 June 2019
BOURBON Financial information
(following publication in French at 9.00 am)
BOURBON Corporation confirms having
received a financial restructuring offer from its main lenders and
lessors
- As indicated on March 14, BOURBON has received several offers,
conditional notably to due diligence and comprising essentially new
financings and a reduction of the debt, part of which involving a
conversion of a portion of the debt in capital.
- The restructuring offer received today is conditional to a
number of conditions precedent.
While the implementation of the
#BOURBONINMOTION strategic plan
is progressing, BOURBON received today a restructuring offer from
its main lenders and lessors. Conditional to certain conditions
precedent, such offer needs to be analyzed and considered as
regards the interests of the group, of its employees and of its
shareholders. Other offers could be submitted in the coming weeks.
The Board of Directors of BOURBON Corporation will decide on such
offers only after having thoroughly examined of all their
terms.
ABOUT BOURBON
Among the market leaders in marine services for
offshore oil & gas, BOURBON offers the most demanding oil &
gas companies a wide range of marine services, both surface and
sub-surface, for offshore oil & gas fields and wind farms.
These extensive services rely on a broad range of the
latest-generation vessels and the expertise of more than 8,200
skilled employees. Through its 31 operating subsidiaries the group
provides local services as close as possible to customers and their
operations throughout the world, of the highest standards of
service and safety.
BOURBON provides three operating activities (Marine
& Logistics, Mobility and Subsea Services) and also protects
the French coastline for the French Navy.
In 2018, BOURBON'S revenue came to €689.5
million and the company operated a fleet of 483 vessels.
Placed by ICB (Industry Classification
Benchmark) in the "Oil Services" sector, BOURBON is listed on the
Euronext Paris, Compartment B.
CONTACTS
BOURBON |
Media relations agencyPublicis
Consultants |
Investor Relations, analysts,
shareholders |
Vilizara Lazarova |
+33 140
138 607 investor-relations@bourbon-online.com |
+33 144 824 634vilizara.lazarova@consultants.publicis.fr |
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Corporate Communication |
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Christelle Loisel |
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+33 491 136 732christelle.loisel@bourbon-online.com |
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- BOURBON financial information-06052019