CGG Announces the Success of its $165 Million Offering of Senior Notes, With a Yield-to-Worst of 6.9%

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Comp Gen Geophys	NYSE:GGY	NYSE	Ordinary Share

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CGG Announces the Success of its $165 Million Offering of Senior Notes, With a Yield-to-Worst of 6.9%

27/01/2006 7:01pm

PR Newswire (US)

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PARIS, January 27 /PRNewswire-FirstCall/ -- Compagnie Generale de Geophysique (ISIN: 0000120164 - NYSE: GGY) confirms today that it has successfully priced an offering of $165 million principal amount of 71/2% Senior Notes due 2015. The notes will be issued at a price of 1031/4% of their principal amount, resulting in a Yield-to-Worst of 6.9%. The notes are expected to be issued on February 3rd, 2006. Following the Euros 209 million December 2005 rights issue, this offering will mainly enable CGG to refinance approximately $140 million remaining under its $375 million bridge credit facility used to finance the acquisition of Exploration Resources. The 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 Tel: +33-1-64-47-38-10 /+33-1-64-47-38-11 Email : DATASOURCE: Compagnie Generale de Geophysique (CGG) CONTACT: Contact : Christophe BARNINI, Tel: +33-1-64-47-38-10 /+33-1-64-47-38-11, Email :

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