CGG €2.3 billion debt restructuring

Value:

€ 2.3 billion

Dollar value:

$ 2.573 billion

Status:

Completed

Date:

21/2/2018

Overview:

The CGG group, a geosciences services provider, has restructured €2.3 billion of its financial debt.

Laura Mendes - Researcher

Jurisdiction:

France

Deal types:

Restructuring
Financial restructuring

Practice area:

Restructuring

Governing laws:

England and Wales
United States
Norway
France
Netherlands
Canada

Industry sector:

Oil and gas

Firms:

De Pardieu Brocas Maffei

Party: Och-Ziff (Senior secured lender)

Party: Goldman Sachs (Senior secured lender)

Party: Makuria (Senior secured lender)

Lawyer: Joanna Gumpelson

Kirkland & Ellis

Party: Och-Ziff (Senior secured lender)

Party: Goldman Sachs (Senior secured lender)

Party: Makuria (Senior secured lender)

Linklaters

Party: CGG (Debtor)

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21/2/2018

Restructuring, Financial restructuring

Overview:

Jurisdiction:

Deal types:

Practice area:

Governing laws:

Industry sector:

Firms:

Related deals

Samson Resources $4 billion Chapter 11 restructuring

Sabine Oil & Gas $2.9 billion Chapter 11 restructuring

Vantage Drilling $2.6 billion Chapter 11 restructuring

Borealis acquisition of 34.6% of GNL Quintero

Energy Transfer $7.2 billion acquisition of Enable Midstream