MARKETS

MMA Offshore taps investors for $80 million to repay debt

AUSTRALIA's offshore vessel provider and subsea contractor MMA Offshore will tap investors for A$80 million to pay off existing debt, despite volatile markets and a shroud of uncertainty over future offshore oil and gas exploration in light of the oil price crash in April and COVID.

MMA Offshore taps investors for $80 million to repay debt

  MMA Offshore on Wednesday announced it was seeking to raise the $80 million through a placement to institutional and sophisticated investors, and via an accelerated non-renounceable pro-rata entitlement...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.