Brief: Argeo Says Sale And Leaseback Of Argeo Venture

Argeo ASA

17/02/2024 16:29

Feb 17 (Reuters) - Argeo AS  ARGEO.OL :
    * ARGEO AS - SALE AND LEASEBACK OF ARGEO VENTURE
    * ARGEO AS- WILL START MOBILIZING MID-MARCH FOR AN APPROX.
9-MONTH
PROJECT FOR AN OIL MAJOR, AFTER COMPLETION OF CERTAIN
REACTIVATION AND UPGRADE WORK
    * ARGEO AS SAYS PROCEEDS FROM SUCH TRANSACTION ARE EXPECTED
TO
REPLACE OFFER FOR A USD 10 MILLION BANK LOAN + USD 2 MILLION
CREDIT FACILITY

Source text for Eikon:  ID:nObibCt9Va 
Further company coverage:  ARGEO.OL 

 ((Reuters.Briefs@thomsonreuters.com;))