HOUSTON--(BUSINESS WIRE)--Sep. 23, 2013--
Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”), announced
today that, subject to market and other conditions, it intends to offer
$300 million aggregate principal amount of senior unsecured notes due
2021 to eligible purchasers in a private placement under Rule 144A under
the Securities Act of 1933, as amended (the “Securities Act”) and to
persons outside of the United States pursuant to Regulation S under the
Securities Act.
The Company intends to use the net proceeds from the offering to repay
all amounts outstanding under the term loan portion of its credit
facility and to reduce borrowings outstanding under the revolving
portion of its credit facility.
The securities to be offered have not been registered under the
Securities Act or any state securities laws; and unless so registered,
the securities may not be offered or sold in the United States or to
U.S. persons except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act and
applicable state securities laws. 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 jurisdiction in
which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
Forum Energy Technologies, Inc., headquartered in Houston, Texas, is
a global provider of manufactured technologies and applied products to
the energy industry.
Source: Forum Energy Technologies, Inc.
Forum Energy Technologies, Inc.
Investors:
Mark Traylor,
281-368-1108
Vice President, Investor Relations and Planning
mark.traylor@f-e-t.com
or
Media:
Donna
Smith, 281-949-2514
Director, Marketing & Communications
donna.smith@f-e-t.com
