Cahill Represents PGS ASA in $873 Million Credit Facility

February 9, 2021

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.