Petroleum Geo-Services ASA :Add on to 300 million Senior Notes completed

Wed Dec 19, 2012 3:13pm EST

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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.


 

This information is subject of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.


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Source: Petroleum Geo-Services ASA via Thomson Reuters ONE


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