FTS International, Inc. Announces Pricing of Upsized Initial Public Offering

FORT WORTH, Texas–(BUSINESS WIRE)–FTS International, Inc. (“FTSI”) announced today the pricing of an
upsized initial public offering of 19,500,000 shares of common stock at
a price to the public of $18.00 per share, of which 15,151,516 shares
will be sold by FTSI and 4,348,484 shares will be sold by the selling
stockholder named in the registration statement relating to the
offering. In addition, the underwriters have been granted a 30-day
option to purchase up to 2,925,000 additional shares of common stock
from the Company to cover over-allotments, if any.

The shares are expected to begin trading on The New York Stock Exchange
on February 2, 2018, under the ticker symbol “FTSI.” The closing of the
offering is subject to customary closing conditions and is expected to
occur on February 6, 2018.

FTSI intends to use the net proceeds from the offering for general
corporate purposes, which will include repaying indebtedness under its
senior secured floating rate notes due June 15, 2020. FTSI will not
receive any proceeds from the offering of shares by the selling
stockholder.

Credit Suisse and Morgan Stanley are acting as the book-running
managers. Wells Fargo Securities; Barclays; Citigroup; and Evercore ISI
are also acting as book-runners. Guggenheim Securities; Simmons &
Company International, Energy Specialists of Piper Jaffray; Tudor,
Pickering, Holt & Co.; and Cowen are acting as co-managers.

A registration statement relating to the offering was declared effective
by the Securities and Exchange Commission on February 1, 2018. This
offering is being made solely by means of a prospectus, copies of which
may be obtained from Credit Suisse Securities (USA) LLC, Attention:
Credit Suisse Prospectus Department, One Madison Avenue, New York, NY
10010 (telephone: 1 (800) 221-1037 or email: [email protected]);
or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

About FTS International, Inc.

FTS International, Inc. is one of the largest providers of hydraulic
fracturing services in North America. Our services enhance hydrocarbon
flow from oil and natural gas wells drilled by exploration and
production, or E&P, companies in shale and other unconventional resource
formations.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements.”
Forward-looking statements include statements regarding the use of
proceeds from the offering, the closing of the public offering and other
statements identified by words such as “could,” “may,” “might,” “will,”
“likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,”
“estimates,” “expects,” “continues,” “projects” and similar references
to future periods. Forward-looking statements are based on FTSI’s
current expectations and assumptions regarding capital market
conditions, FTSI’s business, the economy and other future conditions.
Because forward-looking statements relate to the future, by their
nature, they are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. As a result, FTSI’s actual
results may differ materially from those contemplated by the
forward-looking statements. Important factors that could cause actual
results to differ materially from those in the forward-looking
statements include regional, national or global political, economic,
business, competitive, market and regulatory conditions, including risks
regarding when FTSI can complete the offering, FTSI’s competitive
environment and other factors set forth under “Risk Factors” in the
registration statement on Form S-1. Any forward-looking statement made
in this press release speaks only as of the date on which it is made.
FTSI undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise.

Contacts

FTS International, Inc.
Lance Turner, 817-862-2000
Chief
Financial Officer
[email protected]