CGG Launches First Lien Senior Secured Notes Offering

CGG Holding (U.S.) Inc. intends to use the net proceeds from this offering to redeem in full in accordance with their terms the entire outstanding principal amount of the existing first lien senior secured notes due 2023, issued in a principal amount of $663.6 million on February 21, 2018.

Following the successful completion of the financial restructuring, CGG’s Chief Financial Officer, Stéphane-Paul Frydman, has informed the company of his intention to step down. He will oversee the completion of the refinancing of the existing first lien senior notes and the publication of our first quarter 2018 results. The company has already launched the search for a new Chief Financial Officer.