Malaysia's Sapura Energy gets financiers' approval for $2.2b debt restructuring

Malaysia's Sapura Energy gets financiers' approval for $2.2b debt restructuring

FILE PHOTO: A view of the residential apartments in Country Garden's Forest City development in Johor Bahru, Malaysia August 16, 2023. REUTERS/Edgar Su/File Photo

Malaysia’s Sapura Energy said it had received confirmation that at least 75% of financiers of its 10.3 billion ringgit ($2.19 billion) multi-currency financing facilities have approved a debt restructuring scheme proposed by the company.