Brief: GC Rieber Shipping: Shearwater GeoServices Acquires Streamers And Renews Fleet

GC Rieber Shipping ASA

29/04/2021 13:44

April 29 (Reuters) - GC Rieber Shipping ASA  RISH.OL :
    * GC RIEBER SHIPPING: SHEARWATER GEOSERVICES ACQUIRES
STREAMERS
AND RENEWS
    * GC RIEBER SHIPPING: SHEARWATER GEOSERVICES ACQUIRES
STREAMERS
AND RENEWS
    * GC RIEBER SHIPPING ASA'S 17% OWNED GEOSERVICES COMPANY
SHEARWATER GEOSERVICES HOLDING AS (SHEARWATER) TODAY ANNOUNCED
TWO TRANSACTIONS TO TAKE OVER MARINE SEISMIC ACQUISITION ASSETS
PREVIOUSLY OWNED BY POLARCUS, FROM TIGER MOTH AS, A COMPANY
AFFILIATED WITH WOODSTREET INC.
    * SHEARWATER HAS ACQUIRED STREAMERS AND RELATED SEISMIC
EQUIPMENT
FOR A TOTAL CASH CONSIDERATION OF USD 50 MILLION
    * COMPANY FURTHER PURCHASED SIX SEISMIC ACQUISITION VESSELS
FOR A
TOTAL CONSIDERATION OF USD 127.5 MILLION.
    * TRANSACTIONS ARE FINANCED THROUGH A NEW VESSEL LOAN
FACILITY
PROVIDED BY DNB AND GIEK OF USD 107.5 MILLION AND A CONVERTIBLE
LOAN FROM RASMUSSENGRUPPEN AS IN AMOUNT OF USD 85 MILLION
    * USD 15 MILLION OF CONVERTIBLE LOAN IS AVAILABLE FOR
GENERAL
CORPORATE PURPOSES

Source text for Eikon:  ID:nObiR912Da 
Further company coverage:  RISH.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))