RESTRUCTURING

摘要

French geophysical services firm ccg has secured a covenant waiver from its lenders and plans a financial restructuring after determining that its level of debt is too high in difficult market conditions that have weighed on revenues. As a protective measure, talks with lenders to the company's French and US revolving credit facilities and Nordic loan began on December 9 2016 and a waiver of the leverage ratio and coverage ratio covenants was agreed on December 31.