On November 16th, following the announcement by CGG of a next step of its Group’s Transformation, S&P downgraded CGG’s corporate rating to CCC+ with a Negative Outlook reflecting the rating agency’s view that the Company could notably face liquidity issue in the first half of 2016, breach its
CGG announced today the successful large-scale deployment of Sercel’s new-generation land seismic acquisition system on a high-productivity super crew conducting a seismic survey in Saudi Arabia.
On February 6, 2017, CGG S.A. (“CGG”) announced a consent solicitation in respect of its Senior Notes (the “Notes Solicitation”) and its Term Loan B (the “TLB Solicitation”).
CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).