Forum Energy Technologies Raising $300 Mln to Reduce Debt

Forum Energy Technologies, Inc., said yesterday it intended to offer $300 million aggregate principal amount of senior unsecured notes due 2021 to eligible purchasers in a private placement.

The Company intends to use the net proceeds from the offering to repay all amounts outstanding under the term loan portion of its credit facility and to reduce borrowings outstanding under the revolving portion of its credit facility.

Forum Energy Technologies, Inc., headquartered in Houston, Texas, is a global provider of manufactured technologies and applied products to the energy industry.

 

September 24, 2013

 

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