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    CGG launches 360 million notes offering

    Company News // April 15, 2014

    Seismic survey specialist CGG has launched an offering of Senior Notes due 2020 in an aggregate principal amount of approximately 360 million by way of a private placement in the international capital markets.

    The company intends to use the net proceeds from this offering to finance an offer to repurchase its OCEANE convertible bonds due 2016 of 360 million in principal amount.

    The remaining net proceeds, if any, will be used to repay other existing indebtedness

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