KUALA LUMPUR: Sapura Energy Bhd ’s wholly owned subsidiary, Sapura TMC Sdn Bhd has executed multi-currency financing facilities agreements (MCF 2021) to refinance its existing borrowings. It includes a conventional facility agreement and a further issuance of unrated sukuk murabahah under the multi-currency sukuk programme announced in 2015. Sapura Energy said the planned refinancing was part of the group’s capital management program to lengthen the maturity of its debt. “The refinancing exercise and previously announced RM1.2bil working capital provides us with timely financial headroom in a recovering energy market,” said CEO Datuk Mohd Anuar Taib. The group recently announced global contract wins of RM1.85bil, demonstrating its resilience in capturing opportunities in addressable markets and delivering its promises to clients and stakeholders, Sapura Energy said.

Source: The Star March 30, 2021 06:39 UTC