All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Norway’s PGS shakes up covenants

Norwegian company Petroleum Geo-Services (PGS), which helps oil and gas companies with offshore exploration, has amended about $950m of senior loans, changing their leverage ratio calculations and paying banks 50bp in the process.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree