Forum Energy to pay down term loan, portion of revolver via offering

By Toni Weeks

San Luis Obispo, Calif., Sept. 23 - Forum Energy Technologies, Inc. said it plans to use the proceeds from an offering of senior notes to repay all amounts outstanding under the term loan portion of its credit facility and to reduce borrowings under the revolving portion of the facility.

The company began a roadshow on Monday for a $300 million offering of eight-year notes, with pricing expected on Friday via joint bookrunners J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Merrill Lynch, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.

Forum Energy Technologies is a Houston-based manufacturer of oilfield products and related after-market technical services in the oil and natural gas industry.

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