KUALA LUMPUR: Sapura Energy Bhd
has received confirmation from the Corporate Debt Restructuring Committee (CDRC) on Jan 11, 2025, that MCF Financiers have approved additional terms of the company’s proposed restructuring scheme (PRS), known as the second approval-in-principle (AIP).
Since September 2022, Sapura Energy and the MCF Financiers, holding at least 75% of the multi- currency financing facilities, have been engaged in CDRC-mediated negotiations to reach an accord on the PRS, with the first AIP granted in December 2023.
