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Published on 10/6/2005 in the Prospect News High Yield Daily.

Petroleum Geo-Services calls 8% notes

New York, Oct. 6 - Petroleum Geo-Services ASA said it will redeem its remaining $75 million of 8% senior notes due 2006 on Nov. 5.

The Oslo, Norway-based oilfield services company will pay 101% of par plus accrued interest to the redemption date.

The redemption is part of Petroleum Geo-Services' plan to reduce its debt using part of its cash.


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