HOUSTON--(BUSINESS WIRE)--Apr. 30, 2014--
Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”), announced
today the pricing of a public underwritten offering of an aggregate of
10,000,000 shares of the Company’s common stock by funds affiliated with
SCF Partners (the “Selling Stockholders) at a price to the public of
$29.00 per share. In addition, the Selling Stockholders have granted the
underwriters a 30-day option to purchase up to an additional 1,500,000
shares of common stock solely to cover over-allotments. All net proceeds
from the sale of the common stock will be received by the Selling
Stockholders. The Company will not receive any of the proceeds from the
sale. The offering is expected to close on or about May 6, 2014, subject
to customary closing conditions.
J.P. Morgan and BofA Merrill Lynch are acting as joint book-running
managers for the offering. Simmons & Company International and Tudor,
Pickering, Holt & Co. Securities, Inc. are acting as co-managers for the
offering. The offering is being made pursuant to an effective shelf
registration statement on Form S-3 previously filed with the Securities
and Exchange Commission. Copies of the prospectus relating to the
shares, when available, may be obtained from:
J.P. Morgan via Broadridge Financial Solutions
1155 Long Island
Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204
BofA Merrill Lynch
222 Broadway
New York, New York 10038
Attention:
Prospectus Department
Email: dg.prospectus_requests@baml.com
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 or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering may be made only by means of a prospectus
supplement and accompanying base prospectus, which is part of a shelf
registration statement that became effective on September 20, 2013.
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.
Investor Contact
Mark Traylor,
281.368.1108
Vice President, Investor Relations and Planning
mark.traylor@f-e-t.com
or
Media
Contact
Donna Smith, 281.949.2514
Director, Marketing &
Communications
donna.smith@f-e-t.com
