CGG Sees Overwhelming Acceptance by Creditors Entitled to Vote on the Chapter 11 Plan

Wednesday, October 4, 2017

CGG announces overwhelming acceptance by creditors entitled to vote on the chapter 11 plan

CGG has announced that all creditor classes entitled to vote on the chapter 11 plan proposed in the chapter 11 cases commenced on 14 June 2017 in the US Bankruptcy Court for the Southern District of New York by CGG’s 14 main foreign, direct and indirect subsidiaries, each a borrower or guarantor in respect of CGG Group’s funded financial indebtedness, have accepted the plan overwhelmingly.

Specifically, all holders who have cast ballots in respect of the Secured Loans, and 97.14% in number and 97.96% in amount of those casting ballots in respect of the Senior Notes, voted in favor of the plan.

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Petroleum Africa

CGG Sees Overwhelming Acceptance by Creditors Entitled to Vote on the Chapter 11 Plan

Petroleum Africa On-The-Go

CGG Sees Overwhelming Acceptance by Creditors Entitled to Vote on the Chapter 11 Plan

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