TGS ASA Announces Pricing of Senior Secured Notes Offering
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TGS ASA has announced the pricing of its $550 million Senior Secured Notes offering, with an interest rate of 8.50% due in 2030. The notes are priced at 100% of the aggregate principal amount, with interest payable semi-annually.
November 20, 2024 | 8:15 pm
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TGS ASA has successfully priced its $550 million Senior Secured Notes at an 8.50% interest rate, due in 2030. This move could strengthen the company's financial position by securing long-term funding.
The successful pricing of the notes at 100% of the principal amount indicates strong investor confidence and provides TGS with substantial long-term funding. This can enhance the company's financial stability and support its strategic initiatives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100