BOURBON signs general waiver with lenders
BOURBON announces having signed a general waiver with its leasers and debt holders representing the majority of its debt, thus allowing the group to withhold the payments of its loans and the servicing of its debt. Aimed at protecting the group, this waiver allows it to stay focused on its operational priorities and on the implementation of its #BOURBONINMOTION strategic plan.
The company remains confident in its ability to find before year end a balanced solution with all its lenders - often long-standing partners - that suits all parties and allows the company to adapt its financing to its future development.
BOURBON offers a wide range of marine services for offshore oil & gas companies, both surface and sub-surface, offshore fields and wind farms. The group provides services through 29 subsidiaries with 8,400 employees. BOURBON major areas of activity include Marine & Logistics, Mobility and Subsea Services. The Group also protects the French coastline for the French Navy.