Forum energy technologies announces closing of $100 million senior secured bond issuance

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) (“fet”) announced today that it closed its offering of usd $100.0 million aggregate principal amount of 10.5% senior secured bonds (the “offering”) on november 8, 2024. the bonds will mature in november 2029 and were issued at par. net proceeds from the offering, together with cash on hand, were used to repay all borrowings outstanding under the seller term loan issued in connection with the acquisition of variperm energy ser.
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