CGG SA’s Financial Restructuring Plan


De Pardieu Brocas Maffei, Kirkland & Ellis, Linklaters LLP, Weil Gotshal & Manges, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Willkie Farr & Gallagher LLP, DLA Piper and Orrick advised on the transaction

CGG provides geophysical services and software products and manufactures geophysical equipment. The Company’s products and services use seismic imaging to help the oil and gas industries explore and develop reserves. CGG operates in the Americas, Asia-Pacific, Europe, the former Soviet Union, and Africa.

It is one of the largest financial restructurings carried out in France. It is also the first time that such a restructuring is simultaneously conducted in connection with the French and American judicial proceedings involving a safeguard procedure and Chapter 11 and Chapter 15 procedures.

De Pardieu Brocas Maffei advised the Committee of Senior Secured Lenders and namely Och Ziff, Goldman Sachs International, Makuria Investment Management (UK) LLP, T. Rowe Price with Joanna Gumpelson (Picture), Salim Lemseffer (Restructuring), Sébastien Boullier de Branche (Banking & Finance) and Cédric Chanas, Partner (Corporate),

In US, Kirkland & Ellis International LLP advised Och Ziff, Goldman Sachs International, Makuria Investment Management (UK) LLP, T. Rowe Price with a team led by Kon Asimacopolous, Stephen Hessler.

Linklaters LLP advised CGG SA with Margot Schonholz, Robert Trust, Christopher Hunker.

Pand Paul, Weiss, Rifkind, Wharton & Garrison LLP advised CGG with Alan Kornberg, Brian Hermann, Lauren Shumejda, Christopher Hopkins

In France Weil Gotshal & Manges (Paris) LLP advised CGG SA

Willkie Farr & Gallagher LLP advised the Ad Hoc Committee of Holders of High Yield Bonds including Alden Global Capital, Attestor Capital LLP, Boussard & Gavaudan Asset Management LP, Contrarian Capital Management LLC, Aurelius Capital Management LP and Third Point LLC, with Lionel Spizzichino, Gabriel Flandin, Thomas Doyen, John Longmire, Leonard Klingbaum et Weston Eguchi, Graham Lane, Iben Madsen, Batiste Saint-Guily, Igor Kukhta, Gregoire Dumazy, Ji Hun Kim, Jason Saint-John, Audrey Nelson, Jason Pearl, Alexander Roy, Stephen Kennedy.

DLA Piper advised the Ad Hoc Committee of Holders of High Yield Bonds

Orrick Rambaud Martel advised DNCA

Involved fees earner: Alan Kornberg – Paul Weiss Rifkind Wharton & Garrison; Brian Hermann – Paul Weiss Rifkind Wharton & Garrison; Lauren Shumejda – Paul Weiss Rifkind Wharton & Garrison; Christopher Hopkins – Paul Weiss Rifkind Wharton & Garrison; Joanna Gumpelson – De Pardieu Brocas Maffei; Sébastien Boullier de Branche – De Pardieu Brocas Maffei; Cédric Chanas – De Pardieu Brocas Maffei; John Longmire – Willkie Farr & Gallagher; Weston Eguchi – Willkie Farr & Gallagher; Lionel Spizzichino – Willkie Farr & Gallagher; Thomas Doyen – Willkie Farr & Gallagher; Weston Eguchi – Willkie Farr & Gallagher; Graham Lane – Willkie Farr & Gallagher; Iben Madsen – Willkie Farr & Gallagher; Batiste Saint-Guily – Willkie Farr & Gallagher; Ji Hun Kim – Willkie Farr & Gallagher; Jason Saint-John – Willkie Farr & Gallagher; Audrey Nelson – Willkie Farr & Gallagher; Alexander Roy – Willkie Farr & Gallagher; Stephen Kennedy – Willkie Farr & Gallagher; Gabriel Flandin – Willkie Farr & Gallagher; Grégoire Dumazy – Willkie Farr & Gallagher; Leonard Klingbaum – Willkie Farr & Gallagher; Igor Kukhta – Willkie Farr & Gallagher; Jason Pearl – Willkie Farr & Gallagher; Kon Asimacopoulos – Kirkland & Ellis; Stephen Hessler – Kirkland & Ellis; Margot Schonholtz – Linklaters; Robert Trust – Linklaters; Christopher Hunker – Linklaters;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; De Pardieu Brocas Maffei; Willkie Farr & Gallagher; Kirkland & Ellis; Linklaters;

Clients: Goldman Sachs International; CGG SA; Aurelius Capital Management, LP; Attestor Capital; T. Rowe Price Associates, Inc.; Third Point LLC; Alden Global Capital LLC; Och-Ziff Capital Management Group LLC; Makuria Investment Management; Boussard & Gavaudan Asset Management LP; Contrarian Capital Management LLC;