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    PGS launches Senior Notes Offering

    Company News // November 10, 2011

    Petroleum Geo-Services (PGS)has announced an offering of US$300 million senior notes due in 2018 guaranteed on a senior basis by certain of its subsidiaries.

    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 in hand, which may include the net proceeds received from the offering.

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