EP 10 | Petrofac’s Administration, Kloeckner Pentaplast’s Texas Pre-Pack, and Great British Railways

Phoebe Appenteng opens at and Katie McMahon sets the Update Corner format at (00:08). Petrofac begins at (00:52): a once solid engineering group tries to buy time under Part 26A, then loses the anchor TenneT contract and tips into High Court administration. The segment covers expected recoveries, dissenting creditors, and whether Saipem and Samsung benefit.

Kloeckner Pentaplast starts at (08:34): the German plastics group chooses a pre packaged Chapter 11 in the Southern District of Texas, cutting about €1.3B of funded debt with approximately €215M in DIP financing and a lenders take keys outcome. Why Chapter 11 over domestic tools, who is advising, and how quickly they can emerge. Great British Railways begins at (12:26): legislation lands and the consolidation starts. The early focus is digital, merging fourteen operator apps into a single GBR platform, creating a retail unit, and drafting a Code of Practice to protect third party retailers.

AI in Retail starts at (15:41): Currys holds roughly three quarters of UK AI laptop sales, Apple Intelligence launches in the UK, and the story moves from hype to hardware. The credit angle is demand, margins, and financing models for higher priced devices.

Afternoon Tea lands at (19:32): arrests in the Louvre jewel heist with melted gold fragments recovered and one piece still missing. Close at (22:40) with credits and subscribe.

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Hosted by Phoebe Appenteng & Katie McMahon

Produced and Edited by: Tanya Hubbard

A Production of The Octus Podcast Network