Omni Energy to redeem 6.5% convertibles with $100 million loan proceeds

Pittsburgh, Oct. 20 - Omni Energy Services Corp. will use proceeds from a new $100 million senior credit facility to redeem its outstanding 6.5% subordinated convertible debentures, according to a company news release.

The proceeds will also be used to refinance long-term debt and provide working capital.

Omni Energy is a Carencro, La.-based provider of services to the geophysical, oil and gas industries.

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