France's CGG-Veritas to price $600 million 10-year notes on Wednesday

By Paul A. Harris

Portland, Ore., May 24 - CGG-Veritas plans to price a $600 million issue of 10-year senior notes on Wednesday, according to an informed source.

A conference call for investors in the United States took place on Tuesday.

The company plans to hold a call at 5 a.m. ET on Wednesday for investors in Europe. The deal is set to price thereafter.

Credit Suisse Securities (USA) LLC, BNP Paribas Securities Corp. and Bank of America Merrill Lynch are the joint bookrunners for the Rule 144A and Regulation S with registration rights offer.

The notes come with five years of call protection.

The Paris-based geophysical services company plans to use the proceeds to refinance its term loans and senior notes due 2015.

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