Sapura Energy: CDRC to mediate debt revamp with lenders, operations to run as usual

KUALA LUMPUR: Sapura Energy Bhd (SEB) announced that the Corporate Debt Restructuring Committee of Malaysia (CDRC) has accepted its application for assistance to mediate in the debt restructuring negotiations with its Multicurrency Financiers (lenders).

In a filing to Bursa Malaysia today, SEB said CDRC, a committee under the purview of Bank Negara Malaysia would mediate in the debt restructuring negotiations with SEB’s lenders.