Lysaker, Norway, December 19, 2012 : Petroleum Geo-Services ASA ("PGS") today announces the pricing of $150 million aggregate principal amount of its 7.375% senior notes due 2018 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and in offshore transactions in reliance on Regulation S under the Securities Act. The 7.375% Senior Notes will be sold at 107.500 of the aggregate principal amount plus accrued interest, if any, from December 15, 2012. PGS expects to use the net proceeds of the current Notes offering for general corporate purposes. On November 9, 2011, PGS priced an offering of $300 million aggregate principal amount of its 7.375% senior notes due 2018. The Notes and the notes originally issued in November 2011 will be treated as a single class of debt securities under the same indenture.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes or the related guarantees. The Notes and the related guarantees will not be and have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The offer and sale of the Notes and related guarantees will be made pursuant to an exemption under the Prospectus Directive as implemented in Member States of the European Economic Area from the requirement to produce a prospectus for offers of securities. This announcement does not constitute an advertisement for the purposes of the Prospectus Directive.
FOR DETAILS, CONTACT:
Bård Stenberg , Investor Relations Manager
Phone: +47 67 51 43 16
Mobile: +47 99 24 52 35
Tore Langballe , SVP Corporate Communications
Phone: +47 67 51 43 75
Mobile: +47 90 77 78 41
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.