| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 280.000 | 5 | May-23 | Sr. Secured | B2 | B | - | Fixed | B | High 8.00-9.00% | 8.25% a | 796 | 7.88% | - | 100.00000 |
| USD | 300.000 | 5 | May-23 | Sr. Secured | B2 | B | - | Fixed | Tsy | Mid to High 9.00% | 9.25% a | 632 | 9.00% | - | 100.00000 |
Tranche Comments
5 yr: First Pay: 2018-11-01; Redemption: 2020-05-01; Registration: 144A/Reg S; Comments: EUR280m 5NC2 snr sec. With USD for total USD650m-equiv. Rshow April 6-13. B2/B. GloCos JPM(B&D)/CS. IPTs high 8s/9, talk 8.25% area for 280m, tbp 7.875%.Calls 50%/25%/par. MWC B+50bp to 2020. CoC: 101%. OBL 177 0% 4/23+796. Tax Call: No. PP: No. XD: No;
5 yr: First Pay: 2018-11-01; Redemption: 2020-05-01; Registration: 144A/Reg S; Comments: USD300m 5NC2 snr sec. With EUR for total USD650m-equiv. Rshow April 6-13. B2/B. GloCos JPM/CS(B&D). IPTs mid/high 9s, talk 9.25% area for 300m, tbp 9%. Calls: MWC+50bp. 50%/25%/par. CoC: 101%. UST 1.625% due April 30, 2023+632. Tax Call: No. PP: No. XD: No;
Deal Comments
Joint Bookrunners: JPM(B&D) (5yr EUR), CSG(B&D) (5yr USD)
Guarantor(s)
CGG S.A., CGG Holding B.V., CGG Services (U.S.) Inc., Viking Maritime Inc., CGG Land (U.S.) Inc., Alitheia Resources Inc. and CGG Marine B.V.
Use of Proceeds
Refinancing