E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 1/19/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

CGGVeritas plans partial repayment of 7½% senior notes due May 2015

By Toni Weeks

San Diego, Jan. 19 - Compagnie Generale de Geophysique - Veritas (CGGVeritas) plans to repay a portion of its $530 million 7½% senior notes due May 2015 with the proceeds from a €315 million offering of convertible bonds due Jan. 1, 2016, according to a news release.

The repayment will allow the company to manage its debt and reduce its cash interest expense.

CGGVeritas is a Paris-based geophysical company.


© 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.