September 11, 2019 / 11:36 AM / 10 days ago

PGS plans to refinance debt later this year - CEO

OSLO (Reuters) - PGS (PGS.OL), the world’s largest seismic surveyor, plans to refinance its debt later this year, Chief Executive Rune Olav Pedersen told an energy conference in Oslo on Wednesday.

PGS called off a planned $675 million (546.25 million pounds) debt issue in June this year, blaming rising market volatility at the time.

Reporting by Victoria Klesty, writing by Terje Solsvik, editing by Gwladys Fouche

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