CGG: successful pricing of senior notes
(CercleFinance.com) - CGG has announced that it has successfully priced an offering of senior secured notes due in 2027, with an aggregative principal sum of 500 million dollars and bearing interest at 8.
75%, in addition to a senior secured note offering of 585 million euros and bearing interest of 7.75%.
"The Notes will be guaranteed on a senior secured basis by certain subsidiaries of CGG S.A. and will be issued at par and are expected to be issued on April 1, 2021," the geosciences technology group said.
It will also enter a super senior Revolving Credit Facility (RCF) agreement of 100 million dollars secured by the same collateral as the bonds, the price of which will, in part, be linked to greenhouse gas emission reduction targets.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
75%, in addition to a senior secured note offering of 585 million euros and bearing interest of 7.75%.
"The Notes will be guaranteed on a senior secured basis by certain subsidiaries of CGG S.A. and will be issued at par and are expected to be issued on April 1, 2021," the geosciences technology group said.
It will also enter a super senior Revolving Credit Facility (RCF) agreement of 100 million dollars secured by the same collateral as the bonds, the price of which will, in part, be linked to greenhouse gas emission reduction targets.
Copyright (c) 2021 CercleFinance.com. All rights reserved.