Petroleum Geo-Services to redeem 7 3/8% notes due 2020 at 101.844

By Sarah Lizee

Olympia, Wash., June 11 – Petroleum Geo-Services ASA, now known as PGS ASA, plans to redeem all of its outstanding 7 3/8% senior notes due 2020, according to a notice.

The notes will be redeemed on June 21 at 101.844 plus accrued interest to the redemption date of $260,582.10.

The redemption is conditioned on new debt financing.

PGS is a Lysaker, Norway-based provider of seismic services to the energy industry.

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