Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for FMC Technologies Inc. > News item |
FMC Technologies gets $2 billion five-year revolving credit facility
By Angela McDaniels
Tacoma, Wash., Sept. 25 – FMC Technologies, Inc. entered into a new $2 billion revolving credit facility on Thursday, according to an 8-K filing with the Securities and Exchange Commission.
The revolver expires Sept. 24, 2020 and has a $500 million accordion feature.
The interest rate is Libor plus a margin that ranges from 100 basis points to 175 bps depending on the company’s senior debt rating.
Wells Fargo Bank, NA is the administrative agent. JPMorgan Chase Bank, NA is the syndication agent. Bank of America, NA, DNB Bank ASA, New York Branch, Mizuho Bank, Ltd. and Bank of Tokyo-Mitsubishi UFJ, Ltd. are the co-documentation agents. Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, DNB Markets, Inc., Bank of America Merrill Lynch, Mizhuo Bank, Ltd. and Bank of Tokyo-Mitsubishi UFJ are the joint bookrunners and co-lead arrangers.
As of Thursday, the company had no direct borrowings under the revolver and $667.7 million of commercial paper outstanding.
Houston-based FMC provides technology solutions for the energy industry such as surface wellhead production systems and marine loading systems.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.