Shearman & Sterling represented Barclays Bank PLC, The Royal Bank of Scotland plc, UBS Limited and the other initial purchasers in Petroleum Geo-Services ASA’s $300 million offering of high yield bonds maturing in 2018.
Petroleum Geo-Services ASA is a Norwegian marine seismic survey and data processing company operating in all the major oil and natural gas offshore basins worldwide.
Apostolos Gkoutzinis, the London capital markets partner leading the Shearman & Sterling team, remarked: “We were delighted to assist long-standing clients Barclays Capital, The Royal Bank of Scotland and UBS in this important high-yield notes offering.
The high-yield debt market has recently become a very significant source of liquidity for corporate refinancings. Our leading European high-yield and leveraged finance platforms in London, Frankfurt and Paris are extremely well resourced and positioned to serve our investment banking, financial sponsor and corporate clients in that market.”
The Shearman & Sterling team includes partners Apostolos Gkoutzinis (London-Capital Markets), Mei Lian (London-Finance) and associates Joji Ozawa (London-Capital Markets), Melissa Gainsford (London-Finance), Dimosthenis Papanikolaou (London-Capital Markets) and Amy Lewis (New York-Tax).
