Temporary relief for Sapura Energy

CEO Mohd Anuar is “quite confident” the approval-in-principle would help Sapura Energy approach the last few milestones of the debt restructuring.

PETALING JAYA: Debt-laden Sapura Energy Bhd finds temporary relief after the majority of creditors gave approval-in-principle to restructure its RM10.3bil debt.

This, however, does not provide a guarantee that the debt would eventually be restructured. It merely paved the way for court-convened meetings with creditors for further deliberations.