Forum energy technologies, inc. announces commencement of exchange offer and consent solicitation for 6.250% senior notes due 2021

Houston--(business wire)--forum energy technologies, inc. (“forum” or the “company”) (nyse: fet) today announced it has commenced an offer to exchange its existing notes for new 9.00% convertible secured notes due 2025. the new notes will pay interest at the rate of 9.00% (as compared to the rate of 6.25% on the existing notes). of such interest, 6.25% will be payable in cash and 2.75% will be payable in cash or additional notes, at the company’s option. the new notes will mature five years fro
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