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TechnipFMC launches tender offer for $100m Senior Notes

HOUSTON, November 20, 2021

TechnipFMC, a global leader in energy projects that provides complete project life cycle services for the energy industry, has announced that it has commenced a tender offer for up to $100 million aggregate principal amount of its 6.5% Senior Notes due for February 1, 2026; 5.75% Notes due June 30, 2025; 3.15% Notes due October 16, 2023 and 3.15% Senior Notes B due October 18, 2023 and collectively with the 2023 Series A Notes and collectively with the 2026 Notes and the 2025 Notes.
 
The terms and conditions of the tender offer have been set forth by TechnipFMC in an offer to purchase  dated November 18. The company intends to fund the Tender Offer with cash on hand.
 
A leading technology provider to the traditional and new energy industries, TechnipFMC has been delivering fully integrated projects, products, and services across the globe.
 
Organized in two business segments — Subsea and Surface Technologies — the company said it will continue to advance the industry with its pioneering integrated ecosystems (such as iEPCI, iFEED and iComplete), technology leadership and digital innovation.
 
TechnipFMC said in addition to the total consideration or tender offer consideration, as applicable, holders whose Notes are accepted for purchase will also receive accrued and unpaid interest from the last interest payment date for Notes of the applicable series to, but not including, the applicable settlement date. 
 
Payment for all Notes validly tendered at or prior to the Early Tender Time or the 2023 Notes Offer Expiration Time, as applicable, and accepted for purchase will be made on the “Early Settlement Date”, which will be promptly after the Early Tender Time and is anticipated to occur on or about December 6, 2021, it added. 
 
The company has signed up BofA Securities, and Citigroup Global Markets to act as the dealer managers for the tender offer. The information agent for the Tender Offer is Global Bondholder Services Corporation, while the French tender agent is Société Générale Securities Services.-TradeArabia News Service



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