Ithas launched an offering of EUR 360m ($500m) ofsenior notes due 2020 by way of a private placement in the internationalcapital markets.
It intends to use the net proceedsfrom this offering to finance an offer to repurchase its OCEANE convertiblebonds due 2016 of EUR 360m in principal amount.
The French seismic giant said the remaining net proceeds, if any, will be used torepay other existing indebtedness.
CGG
