Sembmarine unit agrees to defer $1.09 billion receivables from Borr Drilling for 2 years

December 28, 2021 9:16 AM

SINGAPORE (THE BUSINESS TIMES) – Sembcorp Marine’s (Sembmarine) wholly-owned subsidiary PPL Shipyard (PPLS) has agreed in principle to defer US$800 million (S$1.09 billion) in receivables from Borr Drilling for two years from 2023 to 2025, the marine and offshore engineering group announced on Tuesday (Dec 28).

Source : https://www.straitstimes.com/business/companies-markets/sembmarine-unit-agrees-to-defer-109-billion-receivables-from-borr-drilling-for-2-years