Cahill Represents PGS ASA in $873 Million Credit Facility
Date: 02/09/21
Cahill represented PGS ASA, an integrated marine geophysical company, providing advanced subsurface seismic images that energy companies use to find and produce oil and gas, in connection with its restructured $873 million term B credit facility, replacing the company’s existing revolving credit facilities and term B loans. The term b credit facility was part of an overall restructuring of PGS’s debt, which became effective pursuant to a UK Scheme of Arrangement proposed by the company and approved by the High Court of Justice of England and Wales on February 2, 2021.