TechnipFMC Announces Extension of Its Previously Announced Note Tender Offer

Source: www.gulfoilandgas.com 9/29/2021, Location: North America

TechnipFMC plc announced the extension of its previously announced cash tender offer (the “Tender Offer”) to purchase up to $250 million aggregate principal amount (the “Maximum Tender Amount”) of its 6.500% Senior Notes due 2026 (the “Notes”).

The Tender Offer’s extended expiration time shall be 11:59 p.m., New York City time, on October 7, 2021 (the “Expiration Time”).

As of 5:00 p.m., New York City time, on September 14, 2021 (the “Early Tender Time”), $164,113,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn. These Notes were accepted by the Company on September 15, 2021 without proration.

Additionally, the Company reiterates that the Early Tender Premium of $30.00 shall apply from September 15, 2021 to at or before the Expiration Time. The terms and conditions of the Tender Offer otherwise remain unchanged and are set forth in an Offer to Purchase (the “Offer to Purchase”), dated August 31, 2021.

If more than the Maximum Tender Amount of Notes are validly tendered, and Notes are accepted for purchase, the amount of Notes that will be purchased will be prorated as described in the Offer to Purchase. Only Notes validly tendered at or before the Expiration Time will be subject to possible proration. The Company reserves the right, but is not obligated, to increase the Maximum Tender Amount in its sole discretion. The Company will return any Notes not accepted for purchase promptly after the Expiration Time.

The Company has engaged Citigroup Global Markets Inc. and BofA Securities, Inc. to act as the dealer managers for the Tender Offer. The Information Agent for the Tender Offer is Global Bondholder Services Corporation. Copies of the Offer to Purchase and related offering materials are available by contacting the Information Agent at (866) 470-3700 (toll-free) or (212) 430-3774. Questions regarding the Tender Offer should be directed to Citigroup Global Markets, Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect) and BofA Securities, Inc. at (980) 388-3646 (collect) or debt_advisory@bofa.com.


Cameroon >>  8/16/2022 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa , announces that it has made an annual award of share options under i...
Argentina >>  8/15/2022 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the results of the Placing, further to the Company's ...

Bermuda >>  8/15/2022 - Valaris Limited has commenced a consent solicitation (“Consent Solicitation”) with respect to proposed amendments to the indenture (the “Indenture”) g...
Canada >>  8/15/2022 - Civeo Corporation, a leading provider of hospitality services to the natural resources sector, announced that it has agreed to repurchase approximatel...

Canada >>  8/15/2022 - Three Sixty Solar Ltd. (NEO: VSOL) (“Three Sixty,” “Three Sixty Solar,” or the “Company”), the first company to design, build and patent a commercial ...
United Kingdom >>  8/15/2022 - - Restructuring will be implemented through a pre-arranged Chapter 11 process in U.S. Bankruptcy Court
- Restructuring will significantly deleve...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.