Forum energy technologies announces $100 million bond issuance

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) (“fet”) announced today the commencement of a backstopped private offering of usd $100.0 million aggregate principal amount of 5-year senior secured bonds (the “offering”). fet intends to use the net proceeds from the offering, together with cash on hand, to redeem in full all outstanding 9.000% convertible senior secured notes due 2025 (the “2025 notes”) and to repay all borrowings outstanding under the seller term loan issu.
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