CGG to Pursue an Offering of Senior Notes in the International Capital Markets
18 Abril 2005 - 7:19AM
PR Newswire (US)
CGG to Pursue an Offering of Senior Notes in the International
Capital Markets PARIS, April 18 /PRNewswire-FirstCall/ -- Compagnie
Generale de Geophysique (CGG), (Euronext 12016, NYSE GGY) announced
today that it expects to pursue an offering of senior notes in
aggregate principal amount of approximately $150 million in the
international capital markets. The net proceeds will be used, along
with available cash, to redeem and pay accrued interest on all of
the $150 million outstanding aggregate principal amount of CGG's
existing 10 5/8% Senior Notes due 2007. The offering will be made
in accordance with Rule 144A and Regulation S under the US
Securities Act of 1933 (the "Securities Act"). The additional
Senior 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. 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
geoscience services and software to clients in the oil gas
exploration and production business. It is also a global
manufacturer of geophysical equipment. For US only: 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 US Securities Exchange Act of 1934. These
forward-looking statements reflect numerous assumptions and involve
a number of risks and uncertainties as disclosed by CGG from time
to time in its filings with the US Securities and Exchange
Commission. Actual results may vary materially. 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. DATASOURCE: Geophysique CONTACT: For more
information: Christophe BARNINI +33-1-64-47-38-10
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