TechnipFMC tenders for up to $250 million 6½% notes due 2026

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – TechnipFMC plc began a tender offer for up to $250 million of its $1 billion outstanding 6½% senior notes due 2026 (Cusip: 87854XAE1), according to a news release.

The company will pay a total consideration of $1,075 per $1,000 principal amount for notes tendered by the early deadline, 5 p.m. ET on Sept. 14, which is also the withdrawal deadline.

The total consideration includes an early premium of $30 per $1,000 note that will not be paid to holders who tender after the early deadline.

The offer will expire at 11:59 p.m. ET on Sept. 28.

Holders will also receive accrued interest to the applicable settlement date, which is expected to be Sept. 15 for the early tenders.

If the tender cap is exceeded, the company will accept tendered notes on a pro rata basis.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) and BofA Securities Inc. (980 388-3646) are the dealer managers.

Global Bondholder Services Corp. (866 470-3700 or 212 430-3774) is the information agent.

Based in London, TechnipFMC specializes in technologies and production systems for subsea, onshore/offshore and surface projects. TechnipFMC was formed from the combination of Houston-based FMC Technologies and Paris-based Technip Eurocash SNC.

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