TechnipFMC extends tender offer for 6½% notes to Oct. 7

By William Gullotti

Buffalo, N.Y., Sept. 29 – TechnipFMC plc extended the expiration deadline for its tender offer for up to $250 million of its $1 billion outstanding 6½% senior notes due 2026 (Cusip: 87854XAE1), according to a press release on Wednesday.

The expiration time was extended to 11:59 p.m. ET on Oct. 7.

As of 5 p.m. ET on Sept. 14, noteholders tendered $164,113,000 of the notes.

The $30 premium per $1000 principal amount of notes tendered is likewise extended to the new expiration date. All other terms are otherwise unchanged.

If the tender cap is exceeded, the company will accept tendered notes on a pro rata basis. Alternatively, the company may increase the maximum tender amount at its sole discretion.

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

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

TechnipFMC is based in London and specializes in technologies and production systems for subsea, onshore/offshore and surface projects.

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