TGS TGS-NOPEC Geophysical Company ASA

TGS - Ex dividend of NOK 1.53 per share today

TGS - Ex dividend of NOK 1.53 per share today

OSLO, NORWAY (31 October 2024) – The shares in TGS ASA will be traded ex dividend NOK 1.53 (USD 0.14) as from today, 31 October 2024.



EN
31/10/2024

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TGSTGS-NOPEC Geophysical Company ASA

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Reports on TGS-NOPEC Geophysical Company ASA

Steffen Evjen
  • Steffen Evjen
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TGS TGS-NOPEC Geoph...

TGS (Buy, TP: NOK130.00) - Housekeeping

By reducing its average interest rate from 11.5% to 8.5% and annual interest costs by ~USD20m, TGS completed its debt refinancing at slightly better terms than we expected, prompting minor positive revisions to our 2024–2025e FCF and EPS. We still see a strong near-term cash flow outlook with limited debt amortisation supporting its capacity to raise dividends meaningfully after 2025e even in a flat seismic market. We reiterate our BUY and have raised our target price to NOK130 (125).

TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
13h / 6m 13h / 6m 1 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
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SOC SUBSEA 7 S.A.
SDRL SEADRILL LTD ... (+19)

Petrobras FPSO delays may hit service volumes but lengthen cycle

Being the largest global consumer of deepwater oil services, Petrobras’ strategic plans tend to get investor attention. On the positive side, its latest 5-year plan sees 5% higher E&P spending than the previous one, and has a more stable phasing between the years, which is supportive for the cycle duration. However, several FPSOs are facing significant delays, which is on the downside for oil services, leading to delays for deepwater oilfield services (primarily drilling and subsea), likely resu...

SOC SUBSEA 7 S.A.
SDRL SEADRILL LTD
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11/22/24 November 22, 2024 1 EN
Ian Wong
  • Ian Wong
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
11/22/24 November 22, 2024 1 EN
Ian Wong
  • Ian Wong
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TGS TGS-NOPEC Geoph...

TGS ASA - Tear Sheet - Lucror Analytics

TGS ASA has priced a USD 550 mn five-year senior unsecured notes offering at par to yield 8.5%. Proceeds from the offering, along with cash on balance sheet, restricted cash reserve for ECF loans and borrowings from the new term loan A, will be used to fully redeem the USD 450 mn senior secured bond due 2027, repay amounts drawn from the existing RCF, repay the ECF loans, as well as pay fees and expenses related to the transaction. We see yields on the notes as slightly attractive, and initi...

TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
11/21/24 November 21, 2024 1 EN
 PRESS RELEASE
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TGS TGS-NOPEC Geoph...

TGS ASA Announces Pricing of Senior Secured Notes Offering

TGS ASA Announces Pricing of Senior Secured Notes Offering OSLO, Norway (20th November 2024) – TGS ASA (“TGS” or the “Company”), a global leader in energy data and intelligence, today announced that it has priced its offering (the “Offering”) of $550 million aggregate principal amount of 8.50% Senior Secured Notes due 2030 (the “Notes”) at a price equal to 100.0% of the aggregate principal amount thereof. Interest will be payable semi-annually. In connection with the Offering, the Company has also announced that it has entered into new super senior secured credit facilities, which include ...

November 20, 2024 1 EN

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