EMGS contemplating new unsecured bond issue
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA is contemplating the issuance of new unsecured
bonds in the Norwegian bond market with maturity in May 2014. The contemplated
bond issue will have a minimum issue amount of NOK 200 million.
Net proceeds from the contemplated bond issue will be used to refinance existing
debt and for general corporate purposes.
Arctic Securities and First Securities have been retained as arrangers of the
contemplated bond issue.
Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
Arctic Securities: Fabian Qvist, +47 21 01 31 91
First Securities: Arne Jacobsen, +47 23 11 62 73
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 500 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 Stavanger, Norway; Houston,
USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.
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#1511628]
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2011 - 08:59 Uhr
Sprache: Deutsch
News-ID 54161
Anzahl Zeichen: 2318
contact information:
Town:
Trondheim
Kategorie:
Business News
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