Polarcus bond restructuring steps
26 Feb 2018
Reference is made to the stock exchange notices published by Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) on 26 January 2018 regarding Summons for a joint Bondholders’ Meeting and 12 February 2018 regarding the results from the Bondholders’ Meeting for the following Bond Issues:
| ISIN NO 001 0680150 ISIN NO 001 0757248 |
8 per cent Polarcus Limited Senior Unsecured Callable Bond Issue 2013/2018 |
| ISIN NO 001 0714389 ISIN NO 001 0757255 |
FRN Polarcus Limited Senior Unsecured Callable Bond Issue 2014/2019 |
| ISIN NO 001 0670435 ISIN NO 001 0757263 ISIN NO 001 0757271 |
2.875% Polarcus Limited Secured Convertible Bond Issue 2011/2016 |
Please find attached a memo describing the steps to be undertaken in order to carry out the restructuring steps for the bond issues.
Contacts
Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@polarcus.com
About Polarcus
Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs over 400 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com