Polarcus contemplates new senior unsecured bond issue

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces 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.

 

Contacts

 

Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982

Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480

 

About Polarcus

 

Polarcus (OSE: PLCS) 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. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

 

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)