Geokinetics to start roadshow Tuesday for $100 million senior secured floaters

New York, Dec. 1 - Geokinetics Inc. plans to start a roadshow Tuesday for a $100 million offering of second priority senior secured floating-rate notes due 2012.

Pricing is expected in the week of Dec. 11.

RBC is bookrunner for the sale, which will be offered under Rule 144A with registration rights and Regulation S.

The notes will be non-callable for two years, with any redemption at 102 after that, declining to 101 and then par.

Ratings are to be determined.

The Houston-based provider of seismic acquisition and high-end seismic data processing services to the oil and gas industry will use proceeds to repay part of the debt incurred in the acquisition of Grant Geophysical, Inc.

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