The terms and conditions of the tender offer are described in the offer to purchase, dated March 22 and the related letter of transmittal. The amount of each series of notes that may be accepted for purchase will be determined in accordance with the set acceptance priority levels and may be prorated as described in the offer to purchase.
The tender offer for each series of notes will expire at 11:59 p.m., New York City time, on April 18, unless extended by SHC.
On Aug. 25, 2015, Cameron, SHC, Rain Merger Sub LLC, and Schlumberger Ltd. entered into a merger agreement, pursuant to which Cameron will become a direct, wholly owned subsidiary of SHC. The consummation of the tender offer is conditioned upon the completion of the merger, among other conditions set forth in the offer to purchase. SHC reserves the right to waive all conditions of the tender offer other than the condition regarding the completion of the merger.
SHC has retained Deutsche Bank Securities Inc., JP Morgan Securities LLC, and Morgan Stanley & Co. LLC as dealer managers, and DF King & Co. Inc. as the depositary and information agent for the tender offer.