Petroleum Geo-Services ASA: Announces Pricing of USD 300 million Senior Notes Offering

(Thomson Reuters ONE) -




Lysaker, Norway, November 10, 2011: Petroleum Geo-Services ASA ("PGS") today
announces the pricing of an offering of USD 300 million senior notes due 2018
(the "Notes") guaranteed on a senior basis by certain of its subsidiaries. The
Notes were priced with a coupon of 7.375% and will be issued at 98.638% of the
principal amount.  PGS expects to use the net proceeds of the offering for
general corporate purposes. PGS intends to repurchase or repay the outstanding
principal amount of its existing convertible notes on or before maturity with
cash on hand which may include the net proceeds received from this offering.

FOR DETAILS, CONTACT:


Bård Stenberg, Investor Relations Manager
Phone:   +47 67 51 43 16
Mobile: +47 99 24 52 35

Tore Langballe, SVP Corporate Communications
Phone:   +47 67 51 43 75
Mobile: +47 90 77 78 41



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: Petroleum Geo-Services ASA via Thomson Reuters ONE

[HUG#1562784]

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Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 10.11.2011 - 08:50 Uhr
Sprache: Deutsch
News-ID 86297
Anzahl Zeichen: 1711

contact information:
Town:

Lysaker (Oslo)

Kategorie:

Business News

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