Polarcus thinking of bond issue

Polarcus Limited has announced that the Company is contemplating a new senior unsecured bond issue with proposed maturity in July 2019.

Net proceeds from the bond issue will be used to refinance existing debt, including the NOK 226 million outstanding under the NOK 230 million bond issue with ISIN NO 0010628217 (PLCS01), and for general corporate purposes.

ABG Sundal Collier, DNB Markets, Pareto Securities, and Swedbank Norway are joint managers for the proposed bond issue.

Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency.

Press Release, June 24, 2014

 

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