TGS ASA announces launch of Senior Secured Notes offering

Core Viewpoint - TGS ASA announces the launch of an offering of Senior Secured Notes amounting to $550 million, maturing in 2030, as part of its refinancing strategy [1][2]. Group 1: Offering Details - The expected aggregate principal amount of the Senior Secured Notes is$550 million, with a maturity date set for 2030 [1]. - The proceeds from the Offering, along with cash on hand, will be utilized to redeem the entire outstanding amount of the 13.50% senior secured bonds due 2027 issued by Petroleum Geo-Services AS and to repay other existing debt financing [2]. Group 2: Financial Information - TGS has published pro forma financial information and a refinancing overview, which are available on the Company's corporate website [3]. Group 3: Company Overview - TGS is a global leader in energy data and intelligence, providing advanced data and insights to companies in the energy sector, supporting exploration and production of energy resources worldwide [4].