The chapter discusses the company's recent statement to raise cash through the sale of non-core assets and seeking financial investors for certain components of their portfolio. It also mentions the potential sale of the Malaysian oil field and explores the impact on investors and short sellers, as well as the involvement of hedge funds and distressed debt funds.
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Key Restructuring Trends of 2023, in comparison with 2022, using data from Reorg’s own Restructuring Database;
-United Arab Emirates-based oil and gas contractor Petrofac, which is examining strategic and financial options to strengthen its balance sheet; and
-The primary market, with a roundup of what’s taken place since last week.
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