BOURBON: Update on negociations with financial partners
02 Novembre 2018 - 6:00PM
Marseilles, November 2, 2018
BOURBON:
Update on negotiations with financial partners
In the framework of its search
process for new financing, BOURBON confirms that its search for new
financial partners in order to ensure its development and the
implementation of #BOURBONINMOTION strategic plan is moving forward
diligently. The parameters of these potential new financings, in
particular their amounts and structures (debt/equity instruments)
are not yet determined.
In this context, and in the
absence of confirmation of the general waiver renewal to date,
BOURBON has obtained the opening of conciliation procedures to the
benefit of 22 BOURBON Corporation subsidiaries from the president
of the commercial court of Marseilles. These conciliation
procedures will allow BOURBON to actively pursue, in an amicable
framework, its search for all solutions for its development as well
as its discussions with the main creditors and financial lessors of
the group.
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 8,400 skilled employees. Through its 29 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 2017,
BOURBON'S revenue came to €860.6 million and the company operated a
fleet of 508 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 agency
Publicis Consultants |
Investor Relations, analysts,
shareholders |
Vilizara
Lazarova |
+33 140
138 607
Investor-relations@bourbon-online.com |
+33 144
824 634
vilizara.lazarova@consultants.publicis.fr |
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Corporate Communication |
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Christelle Loisel |
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+33 491
136 732
christelle.loisel@bourbon-online.com |
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announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BOURBON via Globenewswire