12 Nov 2013quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $65.0 million for the period ended 2013-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Nov 2013quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $65.0 million for the period ended 2013-09-30.
2 Oct 2013debt financing● NeutralMajor
On September 30, 2013 the company signed a Financing Agreement with TPG Specialty Lending and Tennenbaum Capital Partners for an $82.8 million first lien Term Loan A and a $22.2 million delayed-draw Term Loan B, maturing September 30, 2016. Term Loan A was funded at closing and used to pay off the Bank of America revolver in full, ending that facility. The loans carry interest at LIBOR plus 9.75% (1% floor) or an alternate base rate plus 8.75%. They are secured by substantially all assets, require 75% of excess cash flow to go to prepayment, and include financial covenants and a minimum $10.0 million liquidity requirement.
13 Aug 2013quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $62.7 million for the period ended 2013-06-30.
12 Aug 2013late filing notice▼ Bad
Global Geophysical Services Inc notified the SEC that its quarterly report would be filed late.
6 Aug 2013quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $62.7 million for the period ended 2013-06-30.
3 May 2013quarterly activities report▼ Bad
Global Geophysical Services Inc reported quarterly revenue of $83.8 million and a net loss of $11.5 million for the period ended 2013-03-31.
25 Apr 2013quarterly activities report▼ Bad
Global Geophysical Services Inc reported quarterly revenue of $83.8 million and a net loss of $11.5 million for the period ended 2013-03-31.
25 Apr 2013debt financing● Neutral
On April 24, 2013 the company signed Amendment No. 4 to its Bank of America revolver. Maximum borrowing is cut to $80 million until September 30, 2013, then $67.5 million through the April 30, 2014 maturity. This replaces the $85 million level and April 30, 2013 step-down set in Amendment No. 3 (July 2012), with some lenders taking on part of the expiring commitments.
14 Feb 2013substantial holder notice● Neutral
RICHARD A. DEGNER reported a Global Geophysical Services Inc shareholding of 2,376,168 shares (6.30% of votes) in a periodic institutional filing.
2 Nov 2012quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $90.2 million for the period ended 2012-09-30.
30 Oct 2012quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $90.2 million for the period ended 2012-09-30.
5 Sept 2012securities registration● Neutral
Global Geophysical Services Inc filed the final prospectus for a registered offering.
31 Aug 2012business combination● Neutral
The company filed Amendment No. 2 to the exchange-offer registration statement, which per its explanatory note adds the subsidiary guarantors as co-registrants. The exchange offer for the $50 million of 10-1/2% senior notes due 2017 is still not final; the prospectus is dated August 31, 2012 and the expiration date is blank.
20 Aug 2012business combination● Neutral
The company filed Amendment No. 1 to its exchange-offer registration statement for the $50 million of 10-1/2% senior notes due 2017. The preliminary prospectus is dated August 20, 2012 and still has the expiration date blank. The visible text repeats the July filing's terms and does not show what changed.
3 Aug 2012quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $97.4 million for the period ended 2012-06-30.
2 Aug 2012quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $97.4 million for the period ended 2012-06-30.
26 July 2012business combination● Neutral
The company filed a registration statement offering to swap up to $50 million of new, SEC-registered 10-1/2% senior notes due 2017 for the unregistered $50 million of the same notes it sold on March 28, 2012. This is the exchange offer promised in that deal's registration rights agreement; the terms are substantially identical, the company receives no proceeds, and six subsidiaries are listed as guarantors. The filing is a preliminary draft, with the expiration date left blank.
23 July 2012debt financing● Neutral
On July 20, 2012 the company signed Amendment No. 3 to its Bank of America revolver, raising the maximum borrowing from $70 million to $85 million until April 30, 2013, then $67.5 million, with the maturity extended to April 30, 2014. The amendment also raised the cap on senior notes permitted under the 2010 indenture from $75 million to $100 million, and the fleet mortgage was increased to $85 million.
4 May 2012quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $96.1 million and net income of $6.9 million for the period ended 2012-03-31.
27 Apr 2012quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $96.1 million and net income of $6.9 million for the period ended 2012-03-31.
30 Mar 2012material agreement● NeutralMajor
The company sold a further $50 million of 10-1/2% senior notes due May 1, 2017 on March 28, 2012, issued at 94% of face value for expected net proceeds of about $45.5 million. It plans to use the proceeds to repay current outstanding indebtedness, and these unsecured notes add to the $200 million of the same notes from 2010 and carry a registration rights agreement for a later exchange offer.
14 Feb 2012substantial holder notice● Neutral
Wayzata Investment Partners LLC, Patrick J. Halloran reported no remaining Global Geophysical Services Inc shareholding in its periodic institutional filing.
14 Feb 2012substantial holder notice● Neutral
RICHARD A. DEGNER reported a Global Geophysical Services Inc shareholding of 2,395,540 shares (6.50% of votes) in a periodic institutional filing.
31 Jan 2012substantial holder notice● Neutral
Kelso Investment Associates VII, L.P, Kelso GP VII, L.P, Kelso GP VII, LLC, KEP VI, LLC, Philip E. Berney, Frank K. Bynum, Jr, James J. Connors, II, Michael B. Goldberg, Frank J. Loverro, George E. Matelich, Church M. Moore, Frank T. Nickell, Stanley de J. Osborne, David I. Wahrhaftig, Thomas R. Wall, IV, Christopher L. Collins reported a Global Geophysical Services Inc shareholding of 12,396,634 shares (33.50% of votes) in a periodic institutional filing.
1 Dec 2011securities registration● Neutral
Global Geophysical Services Inc filed notice of an exempt private placement.
9 Nov 2011quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $110.1 million for the period ended 2011-09-30.
9 Nov 2011quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $110.1 million for the period ended 2011-09-30.
10 Aug 2011quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $85.3 million for the period ended 2011-06-30.
3 Aug 2011quarterly activities report● Neutral
Global Geophysical Services Inc reported quarterly revenue of $85.3 million for the period ended 2011-06-30.