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    Polarcus contemplating bond issue

    Company News // May 22, 2013

    Marine seismic specialist Polarcus Limited has announced that the company is contemplating a new senior unsecured bond issue in the international bond market. The issue amount will be US$95 million, with proposed maturity in June 2018.

    Net proceeds from the bond issue will be used to refinance existing bond debt, the US$60 million bond with ISIN NO 0010590300 and maturity 29 October 2015 and the US$35 million convertible bond with ISIN NO 0010445943 and maturity 30 July 2013. The bond issue will be proposed listed on the Oslo Stock Exchange or Nordic ABM.

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

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