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    Siem Industries launches Subsea 7 offering

    Company News // May 27, 2016

    Siem Industries has launched an offering of Senior Secured Exchangeable Bonds due 2021 exchangeable for common shares of Subsea 7, for an initial principal amount of Euros 200 million, which may be increased to up to Euros 275 million and a concurrent repurchase of its outstanding 1.00 per cent exchangeable bonds due 2019 exchangeable for common shares of Subsea 7, through a reverse bookbuilding.

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