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Bourbon Corporation SA (GPBN.PA)

GPBN.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bourbon Corporation updates on discussions with its creditors
Monday, 22 Jul 2019 

July 22 (Reuters) - Bourbon Corporation SA ::ACKNOWLEDGES THAT CERTAIN CREDITORS OF GROUP AFFILIATES HAVE ADDRESSED TO LATTER A CREDIT PAYMENT REQUEST AND/OR CONTRACTUAL ALLOWANCES.GROUP HAS REQUESTED SUSPENSION OF LISTING.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.  Full Article

Bourbon Partners With Peugeot Design Lab On Crew Boat Cabin Design
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Bourbon Corporation SA ::REG-BOURBON PRESS RELEASE: BOURBON PARTNERS WITH PEUGEOT DESIGN LAB TO DESIGN NEW CABINS FOR ITS CREW BOATS.FIRST "BUSINESS CLASS" CABIN WILL BE OPERATIONAL IN MID-2020.FIRST PROTOTYPE OF A LONG DISTANCE "CREWLINER" VESSEL (36 METRES) EQUIPPED WITH A "BUSINESS CLASS" CABIN FOR 46 PASSENGERS WILL BE DELIVERED IN EARLY 2020.FUTURE CABINS WILL BE BUILT DIRECTLY ONTO EXISTING VESSELS IN A "PLUG & PLAY" MODE, ALONG WAY FROM MID-2020.  Full Article

Bourbon Appoints Jacques de Chateauvieux Executive Chairman
Monday, 1 Jul 2019 

July 1 (Reuters) - BOURBON CORPORATION SA ::ANNOUNCED ON FRIDAY IT REUNITED FUNCTIONS OF CHAIRMAN OF BOARD OF DIRECTORS AND CEO.JACQUES DE CHATEAUVIEUX APPOINTED EXECUTIVE CHAIRMAN (PRESIDENT-DIRECTEUR GENERAL).GAEL BODENES APPOINTED CHIEF EXECUTIVE OFFICER (DIRECTEUR GENERAL DELEGUE) WITH RESPONSIBILITY OF MANAGING COMPANY.  Full Article

Board Of Directors Of Bourbon Corporation Wishes To Further Analyze Financial Restructuring Proposals Received
Wednesday, 19 Jun 2019 

June 19 (Reuters) - BOURBON CORPORATION SA ::BOARD OF DIRECTORS OF BOURBON CORPORATION WISHES TO FURTHER ANALYZE FINANCIAL RESTRUCTURING PROPOSALS RECEIVED.OFFER FROM BOURBON'S MAIN LENDERS AND VESSEL LESSORS (75% OF GROUP'S DEBT) PROPOSES EUR 120 MILLION IN NEW MONEY IN FORM OF DEBT.OFFER FROM BOURBON'S MAIN LENDERS AND VESSEL LESSORS PROPOSES REDUCTION OF EXISTING DEBT OF MORE THAN EUR 1.4 BILLION THROUGH CONVERSION INTO CAPITAL.OFFER FROM BOURBON'S MAIN LENDERS AND VESSEL LESSORS IS VALID UNTIL JUNE 27, 2019.OFFER LED BY MAIN SHAREHOLDER JACQUES DE CHATEAUVIEUX AND HIS FINANCIAL PARTNERS, PROPOSES CONTRIBUTION OF EUR 80 MILLION IN NEW MONEY IN FORM OF DEBT AND EUR 164 MILLION LOAN.SAYS AT THIS STAGE, BOARD OF DIRECTORS IS NOT ABLE TO PRONOUNCE ITSELF IN FAVOR OF ONE OF THESE PROPOSALS.SAYS BOARD'S MAIN GOALS REMAIN TO GUARANTEE A SUSTAINABLE LEVEL OF DEBT, TO RECEIVE NEW MONEY TO SUPPORT GROUP'S GROWTH, AND A STABLE SHAREHOLDERS STRUCTURE THAT HAS TRUST OF BOURBON PARTNERS AND TEAMS.FINAL OFFERS WILL BE FURTHER REVIEWED BY BOARD AS EARLY AS POSSIBLE.  Full Article

Bourbon Corporation Q1 Adj. Revenue Up At EUR 178 Mln
Thursday, 2 May 2019 

May 2 (Reuters) - Bourbon Corporation SA ::Q1 2019 SAW THE CONTINUED STABILIZATION OF ACTIVITY, WITH ADJUSTED REVENUE OF €178.0 MILLION (CONSOLIDATED REVENUE OF €162.3 MILLION).Q1 ADJUSTED REVENUE EUR 178.0 MILLION VERSUS EUR 171.0 MILLION YEAR AGO.Q1 AVERAGE UTILIZATION RATE 54.5 PERCENT VERSUS 53.0 PERCENT YEAR AGO.END-Q1 NUMBER OF VESSELS 477.4 VERSUS 507.2 YEAR AGO.Q1 AVERAGE DAILY RATE (IN US$/DAY) $8,172 VERSUS $8,179 YEAR AGO.  Full Article

Bourbon Awarded Integrated Logistics Contracts By Shell In Bulgaria
Thursday, 28 Mar 2019 

March 28 (Reuters) - BOURBON CORPORATION SA ::REG-BOURBON AWARDED A SIGNIFICANT INTEGRATED LOGISTICS CONTRACTS BY SHELL IN BULGARIA, IN LINE WITH ITS #BOURBONINMOTION STRATEGIC PLAN.DRILLING OPERATION IS SCHEDULED TO START EARLY APRIL AND SHOULD LAST ABOUT 3 TO 4 MONTHS.  Full Article

Bourbon FY Adjusted EBITDAR Down At 142.7 Million Euros
Thursday, 14 Mar 2019 

March 14 (Reuters) - BOURBON CORPORATION SA ::FY ADJUSTED REVENUE EUR 689.5‍​ MILLION VERSUS EUR 860.6 MILLION YEAR AGO.FY ADJUSTED EBITDAR EUR 142.7‍​ MILLION VERSUS EUR 252.4 MILLION YEAR AGO.FY NET LOSS GROUP SHARE EUR 457.8‍​ MILLION VERSUS LOSS EUR 576.3 MILLION YEAR AGO.WILL NOT PROPOSE DIVIDEND.2018 POSITIVE CASH FLOW AT EUR 102 MILLION.SAYS RESULTS WILL CONTINUE TO BE INFLUENCED BY EUR/USD EXCHANGE RATES.SAYS FOCUSES ON ITS STRAEGIC PLAN #BOURBONINMOTION.CONFIRMS DISCUSSIONS WITH MAIN FNANCIAL PARTNERS CONTINUE, SO DOES ACTIVE SEARCH FOR NEW FINANCING.SAYS NO DECISION OR COMMITMENT HAS BEEN TAKEN AND NO FINANCIAL PARTNER WITH WHOM GROUP IS IN DISCUSSIONS BENEFITS FROM EXCLUSIVITY.  Full Article

Bourbon Corporation Q4 Total Adjusted Revenue Falls To ‍​175.9 Million Euros
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - BOURBON CORPORATION SA ::Q4 TOTAL ADJUSTED REVENUE EUR ‍​175.9 MILLION VERSUS EUR 196.9 MILLION YEAR AGO.Q4 NUMBER OF VESSELS (FTE) ‍​491.9 VERSUS 509.9 YEAR AGO.Q4 AVERAGE UTILIZATION RATE 51.7‍​ PERCENT VERSUS 53.7 PERCENT YEAR AGO.Q4 AVERAGE DAILY RATE $7,989‍​ VERSUS $8,299 YEAR AGO.2019 SHOULD SEE THE RETURN OF NUMEROUS EXPLORATION CAMPAIGNS, PARTICULARLY IN CARIBBEAN, MIDDLE EASTERN AREAS, AFRICA.  Full Article

Bourbon Renews General Waiver With Its Leasers And Debt Holders
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - BOURBON CORPORATION SA ::REG-BOURBON: GENERAL WAIVER RENEWAL WITH LENDERS.REMAINS CONFIDENT IN ITS ABILITY TO FIND SUCH A SOLUTION IN AN AMICABLE FRAMEWORK.ANNOUNCES HAVING RENEWED GENERAL WAIVER WITH ITS LEASERS AND DEBT HOLDERS.  Full Article

Bourbon Corporation Q3 Consolidated Revenues Down At EUR 160.2 Mln YoY
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Bourbon Corporation SA ::Q3 AVERAGE DAILY RATE $7,854‍​ VERSUS $8,668 YEAR AGO.Q3 TOTAL ADJUSTED REVENUE (CHANGE AT CONSTANT RATES) EUR 173.5‍​ MILLION VERSUS EUR 204.3 MILLION YEAR AGO.Q3 AVERAGE UTILIZATION RATE 51.6‍​ PERCENT VERSUS 53.4 PERCENT YEAR AGO.SAYS BOURBON'S RESULTS WILL CONTINUE TO BE AFFECTED BY €/US$ EXCHANGE RATE.Q3 NUMBER OF VESSELS (FTE) 498.5‍​ VERSUS 511.0 YEAR AGO.Q3 CONSOLIDATED REVENUES EUR 160.2 MILLION VERSUS EUR 192.4 MILLION YEAR AGO.  Full Article

French and Benelux stocks-Factors to watch

July 23 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.