Magseis Fairfield ASA informed that the increased RCF to USD 45 million has been extended further by half a year to March 31, 2023. The general terms and conditions for the extension of the increase to the RCF remains unchanged. However, Magseis Fairfield has also been granted a waiver so that no Change of Control of the Facility Agreement will be triggered if the proposed acquisition is completed prior to 1 April 2023.

company informed about a temporary increase in the Revolving Credit Facilit from USD 30 million to USD 45 million until September 30, 2022.