4 yr: Redemption: 2025-03-31; Comments: USD450m 4NC2 snr sec. B3/B. DNB Markets(B&D)/Pareto. IPTs 13%-13.5% yield (OID may apply), guidance 13%-13.5% (s/a) coupon at 98, revised 13%-13.5% WPIR, launch 13.5%. LEI: 213800T66DRTE6O6BV87. MWC: Yes, first 24m. CoC: 101% on a CoC or de-listing event. Put at 100% on a Material Asset Sale (threshold of USD25m) for the net cash proceeds from such sale. Call Schedule: 2025-03-31 @106.75; 2025-09-30 @105.063; 2026-03-31 @103.375; 2026-09-30 @100.5;
Guarantor(s)
PGS Exploration UK Ltd, Multiklient Invest AS, Arrow Seismic AS