PGS restructures $300m ECA-backed loan

In:

Infrastructure, Oil & gas, Transport

Region:

Europe

By Aife Howse

Norwegian marine services provider Petroleum Geo-Services (PGS) has undergone a restructuring of its $305 million ECA-backed facility from 2014. The two lenders, SMBC and JBIC, have granted a grace period of two years in exchange for amended cash sweep provisions as part of a broader restructuring...

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