FMC Technologies to pay down revolver debt via senior notes proceeds

By Ashley Montgomery

Kansas City, Kan., Sept. 18 - FMC Technologies, Inc. plans to use the proceeds from its senior notes offering to repay revolving credit facility borrowings, according to a 424B5 filed with the Securities and Exchange Commission.

The company said it owes $375 million under the facility, which matures March 2017.

Proceeds will also be used to repay commercial paper borrowings, which total $837 million as of Monday.

Houston-based FMC provides technology solutions for the energy industry such as surface wellhead production systems and marine loading systems.

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