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.

paul hunt

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...

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