View of the stock exchange building in Oslo, Norway. (Source: Shutterstock.com)
Norway’s PGS ASA, a fully integrated marine geophysical company, successfully placed a new $450 million senior secured bond.
Proceeds from the debt offering, coupled with available cash on hand, will be used to repay $600 million of PGS’ B term loan, which matures in March 2024, the Oslo-based company announced March 31 in a press release.
The repayment was completed March 31, PGS said.
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