Successful placement of new unsecured bond issue
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has successfully completed a new
unsecured bond issue of NOK 350 million with maturity in June 2016.
An application will be made for the bonds to be listed on the Oslo Stock
Exchange.
In connection with the new bond issue, Electromagnetic Geoservices ASA has
repurchased bonds with a nominal value of NOK 163.5 million in the existing bond
issue EMGS01 maturing in May 2014.
Net proceeds from the new bond issue will be used for general corporate purposes
and for refinancing of existing debt.
Arctic Securities acted as sole lead arranger in connection with the placement
of the new 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#1706956]
Unternehmensinformation / Kurzprofil:
Datum: 04.06.2013 - 12:47 Uhr
Sprache: Deutsch
News-ID 266326
Anzahl Zeichen: 2623
contact information:
Town:
Trondheim
Kategorie:
Business News
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"Successful placement of new unsecured bond issue"
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