CGG plans to redeem 9½%, 7¾% senior notes via new offering proceeds

By Tali Rackner

Norfolk, Va., April 28 - CGG SA intends to redeem $225 million of its 9½% senior notes due 2016 with the proceeds from a new private placement offering, according to a notice.

Proceeds will also be used to redeem a portion of the $400 million outstanding principal amount of its 7¾% senior notes due 2017.

CGG is a Paris-based company providing geological, geophysical and reservoir capabilities to its customers primarily from the global oil and gas industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.