CGG Launches Notes Offering for $165 Million
January 26 2006 - 11:36AM
PR Newswire (US)
PARIS, January 26 /PRNewswire-FirstCall/ -- Compagnie Generale de
Geophysique (ISIN: 0000120164 - NYSE: GGY) today announces that it
intends to offer an additional $165 million (the "Additional
Notes") of its dollar-denominated 71/2% Senior Notes due 2015
issued in April 2005 (the "Existing Notes") in a private placement
to certain eligible investors. The Additional Notes will have the
same terms and conditions as the Existing Notes and will be issued
under the same indenture as the Existing Notes. The net proceeds
from the Additional Notes are intended mainly to repay
approximately $140 million remaining under CGG's $375 million
bridge credit facility used to finance the acquisition of
Exploration Resources. The Additional Notes will not be registered
under the Securities Act and may not be offered and sold in the
United States absent registration or an applicable exemption from
the registration requirements of the Securities Act. There will be
no offering to the public in France. For UK only: The attached
document is only being distributed to and is only directed at (i)
persons who have professionals experience in matters relating to
investment who fall within Article 19(1) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order")
or (ii) high net worth entities, and other persons to whom it may
lawfully be communicated, falling within Article 49(2) of the Order
(all such persons together being referred to as "relevant
persons"). The investments to which this document relates are only
available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such investments, will be available
only to or will be engaged in only with, relevant persons. Any
person who is not a relevant person should not act or rely on this
document or any of its content. Persons distributing such document
must satisfy themselves that it is lawful to do so. The information
included herein contains certain forward-looking statements within
the meaning of Section 27A of the securities act of 1933 and
section 21E of the Securities Exchange Act of 1934. These
forward-looking statements reflect numerous assumptions and involve
a number of risks and uncertainties as disclosed by the Company
from time to time in its filings with the Securities and Exchange
Commission. Actual results may vary materially. The Compagnie
Generale de Geophysique group is a global participant in the
oilfield services industry, providing a wide range of seismic data
acquisition, processing and geosciences services and software to
clients in the oil and gas exploration and production business. It
is also a global manufacturer of geophysical equipment. Contact :
Christophe BARNINI +33-1-64-47-38-10 / +33-1-64-47-38-11 Email :
+33-1-64-47-38-11, Email : invrel@cgg.com DATASOURCE: Compagnie
Generale de Geophysique (CGG) CONTACT: Contact : Christophe BARNINI
+33-1-64-47-38-10
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