Marseilles, July 22nd, 2019
Financial information
The Board of Directors of BOURBON Corporation, at its meeting today, acknowledged that certain creditors of group affiliates have addressed to the latter a credit payment request and/or contractual allowances.
BOURBON Corporation, as a guarantor of part of this amount, i.e. approximately 800 million dollars, is examining available options and intends to pursue discussions with its creditors with the objective to take all appropriate measures to protect its interests and those of its personnel.
In these circumstances and pending a new press release, the group has requested the suspension of the listing.
ABOUT BOURBON
Among the market leaders in marine services for offshore oil & gas, BOURBON offers the most demanding oil & gas companies a wide range of marine services, both surface and sub-surface, for offshore oil & gas fields and wind farms. These extensive services rely on a broad range of the latest-generation vessels and the expertise of more than 8,200 skilled employees. Through its 31 operating subsidiaries the group provides local services as close as possible to customers and their operations throughout the world, of the highest standards of service and safety.
BOURBON provides three operating activities (Marine & Logistics, Mobility and Subsea Services) and also protects the French coastline for the French Navy.
In 2018, BOURBON'S revenue came to €689.5 million and the company operated a fleet of 483 vessels.
Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector, BOURBON is listed on the Euronext Paris, Compartment B.
CONTACTS
| BOURBON | Media relations agency Publicis Consultants |
| Investor Relations, analysts, shareholders | Vilizara Lazarova |
| +33 140 138 607 investor-relations@bourbon-online.com | +33 144 824 634 vilizara.lazarova@consultants.publicis.fr |
| Corporate Communication | |
| Christelle Loisel | |
| +33 491 136 732 christelle.loisel@bourbon-online.com | |
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