HOUSTON--(BUSINESS WIRE)--Sep. 27, 2013--
Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”), announced
today the pricing of an offering of $300 million aggregate principal
amount of 6.250% Senior 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 notes
mature on October 1, 2021 and will be issued at par. The Company expects
the offering of the notes to close on October 2, 2013, subject to the
satisfaction of customary closing conditions.
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.
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
