TETRA Technologies Inc. (NYSE: TTI) has completed its tender offer to purchase up to $25,000,000 aggregate principal amount of its 5.09% senior notes, Series 2010-A, due Dec. 15, 2017 (PPN 88162F B#1) and its 5.67% senior notes, Series 2010-B, due Dec. 15, 2020 (PPN 88162F C*4). The tender offer expired immediately after 11:59 p.m., Eastern Time, on Dec. 7.
By the expiration time, TETRA received notes validly tendered (and not validly withdrawn) in an aggregate principal amount in excess of the $25,000,000 maximum purchase amount set forth in the offer to purchase dated Nov. 5.
As a result, the company has purchased $25,000,000 aggregate principal of notes on a pro rata basis in accordance with the terms set forth in the offer to purchase.
The company has paid total consideration of $100,000 per $100,000 principal amount of the tendered notes, plus accrued and unpaid interest from the last interest payment date to, but not including, the payment date.
TETRA is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services including well plugging and abandonment, decommissioning, and diving. TETRA owns an equity interest, including all of the general partner interest, in CSI Compressco LP (NASDAQ: CCLP), a master limited partnership.