Reference is made to the press release dated 25 January 2018.
Magseis ASA is contemplating the issuance of a new NOK denominated senior unsecured bond issue with a tenor of three years. The proceeds from the contemplated bond issue will be used towards general corporate purposes, funding the Company's current growth plans and to capitalise on attractive growth opportunities that emerge as the OBS market continues to strengthen. Please see the attached presentation for furter details.
ABG Sundal Collier and Arctic Securities have been retained as joint lead managers in connection with the contemplated bond issue, and will arrange a series of fixed income investor meetings commencing on Tuesday 30 January 2018.
This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act
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Magseis is a rapidly growing Norwegian geophysical company providing ocean bottom seismic ("OBS") acquisition. The Company's proprietary Marine Autonomous Seismic System ("MASS") enables highly cost-efficient acquisition and delivers superior data quality. The Company is headquartered in Oslo, Norway and has offices in Norway, Sweden, the United States and Singapore
For further information, please contact:
Per Christian Grytnes, Acting CEO
Tel: +47 48 21 48 21
Mikkel Ektvedt, CFO
Tel: +47 91 84 84 88
Nina Midtlie, Group Financial Director
Tel: +47 98 20 63 78