Marseilles, January 3, 2019
BOURBON: General waiver renewal with lenders
BOURBON announces having renewed the general waiver with its leasers and debt holders representing the majority of the group's debt, thus allowing it to suspend the payments of its loans and debt. This waiver allows it to stay focused on its operational priorities, while pursuing its search for all solutions capable of adapting its financing to its performance, in a secured framework.
The company remains confident in its ability to find such a solution in an amicable framework.
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 vessel s and the expertise of almost 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.
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Source: BOURBON via Globenewswire