NEWCASTLE, England & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (PARIS: FTI) (the “Company”) announced today that it has commenced a tender offer (the “Tender Offer”) for up to $100 million aggregate principal amount (the “Maximum Tender Amount”) of its (i) 6.500% Senior Notes due February 1, 2026 (the “2026 Notes”); (ii) 5.75% Notes due June 30, 2025 (the “2025 Notes”); (iii) 3.15% Notes due October 16, 2023 (the “2023 Series A Notes”); and (iv) 3.15% Notes due October 18, 2023 (the “2023 Series B Notes” and, collectively with the 2023 Series A Notes, the “2023 Notes”, and, collectively with the 2026 Notes and the 2025 Notes, the “Notes”).
The terms and conditions of the Tender Offer are set forth in an Offer to Purchase (the “Offer to Purchase”), dated November 18, 2021. The Company intends to fund the Tender Offer with cash on hand.
The following table summarizes the material pricing terms of the Tender Offer:
| 1 | 6.500% Senior Notes due February 1, 2026 | 87854XAE1/ US87854XAE13 and G87110AC9/ USG87110AC93 | $833,080,000 | $1,055.00 | $30.00 | $1,085.00 | |||
| (1) | Per $1,000.00/1,000.00 principal amount of Notes validly tendered and accepted for purchase by us. Excludes accrued interest, which will be paid on Notes accepted for purchase by us as described herein. For the avoidance of doubt, the foregoing presentation is illustrative. Purchases of the 2023 Notes and the 2025 Notes will be made in minimum denominations of 100,000.00.... |
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