Fet extends $179 million bank credit facility to september 2026

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) today announced that it has entered into an amendment to its asset-based revolving credit facility (the “credit facility”). the key elements of the amendment include: (i) the maturity has been extended, subject to certain exceptions, to september 2026; (ii) the facility size has been reduced from $250 million to $179 million; and (iii) interest rates on borrowings outstanding under the credit facility were modified to libor p
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