EMGS contemplates a new unsecured bond issue
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) contemplates to issue new unsecured bonds
in the Norwegian bond market maturing in June 2016.
Net proceeds from the contemplated bond issue will be used for general corporate
purposes and for refinancing of existing debt.
An application will be made for the listing of the bond on Oslo Stock Exchange.
Arctic Securities has been retained as arranger of the contemplated bond issue.
Contact
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
Chris Guldberg, EMGS Head of PR/IR, +47 73 56 88 10 / +47 92 81 07 07
Fixed Income Sales, Arctic Securities, +47 21 01 30 60
About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas companies in their search for offshore
hydrocarbons. EMGS supports each stage in the workflow, from survey design and
data acquisition to processing and interpretation. The company's services enable
integration of EM data with seismic and other geophysical and geological
information to give explorationists a clearer and more complete understanding of
the subsurface. This improves exploration efficiency, and reduces risks and the
finding costs per barrel.
EMGS has conducted more than 650 surveys to improve drilling success rates
across the world's mature and frontier offshore basins. The company operates on
a worldwide basis with main offices in Trondheim and Oslo, Norway; Houston, USA;
and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EMGS via Thomson Reuters ONE
[HUG#1706864]
Unternehmensinformation / Kurzprofil:
Datum: 04.06.2013 - 08:51 Uhr
Sprache: Deutsch
News-ID 266068
Anzahl Zeichen: 2372
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS contemplates a new unsecured bond issue"
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