New Issue - CGG Veritas sells $350 mln in 7-yr notes

June 2 (Reuters) - Geophysical equipment manufacturer CGG
Veritas (GEPH.PA) (CGV.N) on Tuesday sold $350 million of
seven-year senior notes in the 144a private placement market,
said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $300 million.

Credit Suisse and BNP Paribas were the joint bookrunning
managers for the sale.
BORROWER: COMPAGNIE GENERALE DE GEOPHYSIQUE-VERITAS
AMT $350 MLN* COUPON 9.50 PCT MATURITY 5/15/2016
TYPE SR NOTES ISS PRICE 96.952 FIRST PAY 11/15/2009
MOODY'S Ba3 YIELD 10.125 PCT SETTLEMENT 6/9/2009
S&P DOUBLE-B SPREAD 695 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS**
*$339.332 MLN PROCEEDS TO ISSUER
**CALL SCHEDULE: 104.75, 102.375, 100
3Y EQUITY CLAW 35 PCT AT 109.50
MAKE-WHOLE CALL 50 BPS