Beleaguered Downer EDI finds A$500M lifeline

ONE of Australia’s largest oil and gas construction and engineering giants Downer EDI has secured a $500 million lifeline after entering into a new syndicated facility with major banks.

Beleaguered Downer EDI finds A$500M lifeline Beleaguered Downer EDI finds A$500M lifeline Beleaguered Downer EDI finds A$500M lifeline Beleaguered Downer EDI finds A$500M lifeline Beleaguered Downer EDI finds A$500M lifeline

 

It's survival of the fittest for contractors big and small in the oil and gas sector, as the double-tap of a low oil price and economic fallout over the COVID-19 pandemic continues to rattle