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CGG launches tender offer for all 9%, 7 7/8% senior notes due 2023
Chicago, March 15 – CGG SA launched a tender offer for any and all of its $300 million outstanding 9% senior secured notes due 2023 (ISINs: US12532MAA18 and USU15826AB34) and its €280 million outstanding 7 7/8% senior secured notes due 2023 (ISINs: XS1713465844 and XS1713465760), according to an announcement.
The company is offering to purchase the dollar notes for a tender consideration of $1,027 per $1,000 note.
The euro note consideration is €1,023.63 per €1,000 note.
The offers expire at 5 p.m. ET on March 29.
Settlement is expected for April 1.
The joint dealer managers for the offers are Goldman Sachs Bank Europe SE (+44 49 69 7532 1615, lisabilitymanagement.eu@gs.com) and Morgan Stanley & Co. LLC (800 624-1808, 212 761-1057, liabilitymanagementeurope@morganstanley.com).
The information and tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880, cgg@lucid-is.com, www.lucid-is.com/cgg).
CGG is a Paris-based manufacturer of seismic equipment and a provider of geoscience services.
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