Part 26A restructuring plan deal debrief—Petrofac Limited and Petrofac International (UAE) LLC

Copyright © 2025 LexisNexis
Published by a LexisNexis Restructuring & Insolvency expert
Practice notes

Part 26A restructuring plan deal debrief—Petrofac Limited and Petrofac International (UAE) LLC

Copyright © 2025 LexisNexis

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes
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Petrofac Limited and Petrofac International (UAE) LLC applied for Part 26A restructuring plans (RP) at a convening hearing in March 2025 and sanction hearing in April/May 2025. Dissenting creditors have appealed to the Court of Appeal (judgment awaited). The key points appear below (capitalised terms not defined herein are as defined in the convening and sanction judgments).

This Deal Debrief forms part of our Restructuring plans collection.

For a detailed analysis of key metrics from the RPs filed in 2024 and commentary from leading lights in the restructuring world, see News Analysis: Market Insights Trend Report—trends in Part 26A restructuring plans in 2024.

Name of plan companiesThis is an application by two companies, Petrofac Limited and Petrofac International (UAE) LLC (together the Plan Companies)
Industry sectorEnergy Services
Place of debtors’ incorporation and jurisdictional factors Petrofac Limited is incorporated and registered in Jersey. Petrofac Limited entered into a Deed of Contribution dated 22 February 2025 in favour of Petrofac International Limited in respect of that company’s liabilities
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Jurisdiction(s):
United Kingdom

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