EMGS successfully completes bond issue
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA has successfully completed issuance of a new
unsecured bond with maturity in May 2014. The borrowing amount is NOK 250
million, and the bond has a coupon of NIBOR + 7.00%. Settlement date for the
bond is expected to be 26 May 2011. An application will be made for the bond to
be listed on the Oslo Stock Exchange.
Net proceeds from the contemplated bond issue will be used to refinance existing
debt and for general corporate purposes.
Arctic Securities and First Securities acted as arrangers of the 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 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#1512203]
Unternehmensinformation / Kurzprofil:
Datum: 04.05.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 54234
Anzahl Zeichen: 2574
contact information:
Town:
Trondheim
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 213 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"EMGS successfully completes bond issue"
steht unter der journalistisch-redaktionellen Verantwortung von
EMGS (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
