Forum energy technologies announces $100 million offering of
additional 6.250% senior notes due 2021
Houston--(business wire)--forum energy technologies, inc. (nyse: fet) (the “company”) announced today that, subject to market and other conditions, it intends to offer $100 million aggregate principal amount of its 6.250% senior notes due 2021 (the “additional notes”) to eligible purchasers in a private placement under rule 144a under the securities act of 1933, as amended (the “securities act”), and to persons outside of the united states pursuant to regulation s under the securities act. the additional notes will have identical terms and will constitute part of the same series as the company’s existing $300 million aggregate principal amount of 6.250% senior notes due 2021 issued on october 2, 2013. the company intends to use the net proceeds from the offering to reduce borrowings outstanding under its revolving credit facility. the securities to be offered have not been registered under the securities act or any state securities laws; and unless so registered, the securities may not be offered or sold in the united states or to u.s. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the securities act and applicable state securities laws. this press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. forum energy technologies, inc., headquartered in houston, texas, is a global provider of manufactured technologies and applied products to the energy industry.
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