Marine geophysical company PGS ASA revealed in its Q2 and preliminary first half 2020 results presentation that it was in negotiations with its lenders to preserve liquidity in light of the dramatic negative market change caused by the Covid-19 pandemic.
The company said these negotiations are in an advanced stage, constructive and carried out with the support of the lenders under its ~$300 million export credit facilities, the lenders under its $350 million revolving credit facility and...