This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Global Geophysical Services Announces Exchange Offer For Its 10 1/2% Senior Notes Due 2017

HOUSTON, Sept. 5, 2012 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. ("Global") (NYSE:GGS) today announced that it has commenced an offer to exchange $50,000,000 principal amount of 10½% Senior Notes due 2017, which are registered under the Securities Act of 1933 (the "new notes"), for $50,000,000 principal amount of outstanding 10½% Senior Notes due 2017, which have not been registered under the Securities Act of 1933 (the "old notes"). The terms of the new notes to be issued are identical in all material respects to the old notes, except that the new notes will have been registered under the Securities Act of 1933, will not have any of the transfer restrictions, registration rights and additional interest provisions relating to the old notes and will bear a different CUSIP number from the old notes.  Global will not receive any proceeds from the exchange offer.

The exchange offer is being conducted upon the terms and subject to the conditions set forth in the prospectus dated September 5, 2012, and the related letter of transmittal.  The exchange offer will be open for acceptance until 5:00 PM, eastern time, on Thursday, September 27, 2012, unless extended.  Persons with questions regarding the exchange offer should contact the exchange agent, Bank of New York Mellon Trust Company, N.A., at (212) 815-2742.

This press release shall not constitute an offer to exchange, nor a solicitation of an offer to exchange, the old notes.  A copy of the prospectus for the exchange offer and related letter of transmittal may be obtained by contacting the exchange agent at the telephone number listed above or by writing to The Bank of New York Mellon Trust Company, N.A., c/o The Bank of New York Mellon Corporation, 101 Barclay Street, Floor 7 East, New York, New York 10286, Attn: Corporate Trust Operations – Reorg Unit – Diane Amoroso.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs