CGGVeritas Announces the Success of its $650 million Offering of Senior Notes

CGGVeritas

announces today that it has successfully priced an offering of $650 million principal amount of 6.5% Senior Notes due 2021. The notes will be issued at a price of approximately 96.45% of their principal amount, resulting in a yield of 7.0%. The notes are expected to be issued on May 31, 2011. The Company intends to use the net proceeds of this offering to repay in full its term loan B facility, to redeem the remaining $70 million principal amount of its 7½% Senior Notes due 2015 and for its general corporate purposes.