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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
June 29, 1998
(Date of Earliest Event Reported)
EAGLE GEOPHYSICAL, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-22863 76-0522659
(Commission File Number) (IRS Employer Identification No.)
50 Briar Hollow Lane, 6th Floor West
Houston, Texas 77027
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code
(713) 881-2800
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Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99 - Press Release dated June 29, 1998
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: June 30, 1998
EAGLE GEOPHYSICAL, INC.
By: /s/ RICHARD W. McNAIRY
-----------------------------------------
Richard W. McNairy, Vice President
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EXHIBIT 99
PRESS RELEASE
EAGLE GEOPHYSICAL, INC. ANNOUNCES
UNREGISTERED $100 MILLION DEBT OFFERING
Houston, Texas - June 29, 1998 - Eagle Geophysical, Inc. (NASDAQ:EGEO)
announced today that it proposes to make a private placement of $100 million of
new debt securities. These securities will be unsecured senior notes of Eagle
Geophysical maturing ten years from the date of issue. The interest rate on
these securities has not yet been determined. The purpose of the offering is
to pay for upgrades of two seismic data acquisition vessels and to repay
borrowings and working capital expended to fund these capital expenditures on
an interim basis. The Company anticipates that the closing of the offering
will occur in mid July, 1998.
The proposed new debt securities will not be registered under the Securities
Act of 1933, as amended, or any state securities laws and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration requirements. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful.
This press release includes forward-looking statements regarding the present
intentions and expectations of management of the Company. Certain factors
beyond the Company's control could cause the Company's results to differ
materially from those in these forward-looking statements. These factors
include general market conditions and prevailing interest rates, industry
conditions in the oil and gas industry generally and in the seismic data
acquisition industry, operational risks inherent in the Company's business, and
government regulation and environmental matters.
