View of the stock exchange building in Oslo, Norway. (Source: Shutterstock.com)
Norway’s PGS ASA, a fully integrated marine geophysical company, successfully placed a new $450 million senior secured bond.
Proceeds from the debt offering, coupled with available cash on hand, will be used to repay $600 million of PGS’ B term loan, which matures in March 2024, the Oslo-based company announced March 31 in a press release.
The repayment was completed March 31, PGS said.
Recommended Reading
Geothermal Player Ormat Adds Capacity as Power Demand Rises
2025-02-28 - Ormat aims to grow its installed capacity to between 2.6 and 2.8 gigawatts by the end of 2028, CEO says.
Microsoft Taps EDPR for Solar Power in Illinois, Texas
2025-02-10 - The three solar projects have a combined capacity of 400 megawatts, according to EDP Renewables North America.
Energy Transition in Motion (Week of Jan. 31, 2025)
2025-01-31 - Here is a look at some of this week’s renewable energy news, including two more solar farms in Texas.
Sage Geothermal, ABB Form Energy Storage, Power Partnership
2025-02-04 - In a memorandum of understanding, ABB said it would support Sage Geothermal on its energy project with Meta.
Energy Transition in Motion (Week of Feb. 14, 2025)
2025-02-14 - Here is a look at some of this week’s renewable energy news, including a geothermal drilling partnership.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.