New Issue: Compagnie Generale de Geophysique prices upsized $55 million add-on at 10.617%

By Paul A. Harris

St. Louis, Mo., Feb. 5 - Compagnie Generale de Geophysique priced an upsized $55 million add-on to its 10 5/8% senior notes due Nov. 15, 2007 (Ba3/BB) to yield 10.617% Tuesday, according to a syndicate official.

The offering was increased from the announced size of $50 million.

Noting price talk of "par," the official commented: "We priced right on top of talk."

RBC Capital Markets and Salomon Smith Barney were joint bookrunners on the Rule 144A deal.

Issuer:	Compagnie Generale de Geophysique
Amount:	$55 million (upsized from $50 million)
Type:	Add-on to its senior notes due Nov. 15, 2007
Bookrunners:	RBC Capital Markets and Salomon Smith Barney
Coupon:	10 5/8% beginning May 15, 2002
Price:	Par
Yield:	10.617%
Spread:	636 basis points over the 3½% Treasury due November 2006
Call features:	Treasuries plus 50 basis points make-whole call until Nov. 15, 2004, then 105.3125, 102.6563, declining to par on Nov. 15, 2006 and thereafter
Equity clawback:	Until Nov. 15, 2003 for 35% at 110.625.
Settlement date:	Feb. 8 with accrued interest
Ratings:	Moody's: Ba3
	Standard & Poor's: BB
Cusip:	204386AC0

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