Forum Energy offers additional senior notes

Forum Energy Technologies

Forum Energy Technologies (NYSE: FET) intends to offer $100 million aggregate principal amount of its 6.250% senior notes due 2021 to eligible purchasers in a private placement under Rule 144A under the Securities Act of 1933, and to persons outside the US pursuant to Regulation S under the Securities Act.

These additional notes will have identical terms and will constitute part of the same series as the company’s existing $300 million aggregate principal amount of 6.250% Senior Notes due 2021 issued on Oct. 2.

The company intends to use the net proceeds from the offering to reduce borrowings outstanding under its revolving credit facility.

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...