Brief: PGS Completes Refinancing

PGS ASA

17/03/2023 15:48

March 17 (Reuters) - PGS ASA  PGS.OL :
    * PGS COMPLETES REFINANCING
    * SUCCESSFULLY PLACED A NEW $450 MILLION SENIOR SECURED BOND WITH 4-YEAR TENOR
    * PROCEEDS FROM BONDS WILL TOGETHER WITH CASH HELD ON BALANCE SHEET BE USED TO REPAY $600
MILLION
OF COMPANY'S TERM LOAN B MATURING IN MARCH 2024 AT PAR VALUE
    * TRANSACTION IS EXPECTED TO BE COMPLETED AROUND MARCH 31, 2023

Source text for Eikon:  ID:nGNE776Nyp 
Further company coverage:  PGS.OL 

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