FTS International repays $42 million of term loan borrowings

By Sara Rosenberg

New York, Nov. 8 - FTS International repurchased $42 million of its outstanding senior secured term loan using proceeds from the recent sale of its proppant and logistics assets, according to a news release.

The company also used the sale proceeds to repurchase $297 million of its 7 1/8% senior notes.

FTS International is a Fort Worth, Texas-based provider of well completion services, including pressure pumping, wireline and water management, for the oil and gas industry.

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