TechnipFMC plc Announces Expiration of Exchange Offer for 3.45% Senior Notes due 2022
LONDON & PARIS & HOUSTON–(BUSINESS WIRE)–Regulatory News:
TechnipFMC plc (ÔÇ£TechnipFMCÔÇØ) (NYSE:FTI) (Paris:FTI) (ISIN:
GB00BDSFG982) announced today the expiration of the exchange offer for
its outstanding unregistered 3.45% Senior Notes due 2022, Series A (the
ÔÇ£Outstanding NotesÔÇØ). The Outstanding Notes were issued on March 29,
2017, in a private placement exempt from the registration requirements
of the U.S. Securities Act of 1933, as amended.
In the exchange offer, $459,764,000 aggregate principal amount of
Outstanding Notes were validly tendered and not validly withdrawn prior
to the expiration of the exchange offer at 5:00 p.m., New York City
time, on May 22, 2018, which represents 100% of the aggregate principal
amount of Outstanding Notes outstanding upon commencement of the
exchange offer. TechnipFMC has accepted for exchange all of the
Outstanding Notes validly tendered and not validly withdrawn and
settlement will occur promptly. At settlement, the Outstanding Notes
accepted will be exchanged for an equal principal amount of a new issue
of 3.45% Senior Notes due 2022, Series B (the ÔÇ£Exchange NotesÔÇØ). Terms
of the Exchange Notes are substantially identical to those of the
Outstanding Notes, except that the transfer restrictions and
registration rights relating to the Outstanding Notes do not apply to
the Exchange Notes.
This news release is for informational purposes only, and is not an
offer to buy or the solicitation of an offer to sell any security. The
exchange offer was made only pursuant to the exchange offer documents,
including the prospectus and letter of transmittal that were distributed
to the holders of the original notes and have been filed with the
Securities and Exchange Commission.
Important Information for Investors and Securityholders
Forward-Looking Statements
This release contains ÔÇ£forward-looking statementsÔÇØ as defined in Section
27A of the U.S. Securities Act of 1933, as amended, and Section 21E of
the U.S. Securities Exchange Act of 1934, as amended. The words
ÔÇ£scheduled,ÔÇØ ÔÇ£estimatedÔÇØ and other similar expressions are intended to
identify forward-looking statements, which are generally not historical
in nature. Such forward-looking statements involve significant risks,
uncertainties and assumptions that could cause actual results to differ
materially from our historical experience and our present expectations
or projections. For additional information regarding known material
factors that could cause actual results to differ from projected
results, please see our risk factors set forth in our filings with the
U.S. Securities and Exchange Commission, which include our Registration
Statement on Form S-4, Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K.
We caution you not to place undue reliance on any forward-looking
statements, which speak only as of the date hereof. We undertake no
obligation to publicly update or revise any of our forward-looking
statements after the date they are made, whether as a result of new
information, future events or otherwise, except to the extent required
by law.
About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and surface
projects. With our proprietary technologies and production systems,
integrated expertise, and comprehensive solutions, we are transforming
our clientsÔÇÖ project economics.
We are uniquely positioned to deliver greater efficiency across project
lifecycles from concept to project delivery and beyond. Through
innovative technologies and improved efficiencies, our offering unlocks
new possibilities for our clients in developing their oil and gas
resources.
Each of our more than 37,000 employees is driven by a steady commitment
to clients and a culture of purposeful innovation, challenging industry
conventions, and rethinking how the best results are achieved.
To learn more about us and how we are enhancing the performance of the
worldÔÇÖs energy industry, go to TechnipFMC.com and follow us on Twitter
@TechnipFMC.
Contacts
Investor relations
Matt Seinsheimer
Vice President
Investor Relations
Tel: +1 281 260 3665
Email: Matt
Seinsheimer
or
Phillip Lindsay
Director Investor
Relations Europe
Tel: +44 203 429 3929
Email: Phillip
Lindsay
or
Media relations
Christophe Belorgeot
Vice
President Corporate Communications
Tel: +33 1 47 78 39 92
Email:
Christophe Belorgeot
or
Delphine
Nayral
Manager Public Relations
Tel: +33 1 47 78 34 83
Email:
Delphine Nayral