Press release | January 19 2021 TechnipFMC plc announces filing of Current Report on Form 8-K disclosing certain information contained in the confidential preliminary offering memorandum dated January 19, 2021 -- LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- Regulatory News:
TechnipFMC plc ( TechnipFMC ) (NYSE: FTI) (Paris: FTI) (ISIN: GB00BDSFG982) announces that on 19 January 2021, it filed a Current Report on Form 8-K (the Form 8-K ) under the U.S. Securities Exchange Act of 1934, as amended, with the U.S. Securities and Exchange Commission (the SEC ) disclosing that certain information contained in the confidential preliminary offering memorandum dated January 19, 2021 (the Offering Memorandum ) to potential investors relating to a proposed private offering by the Company (the Offering ), subject to market conditions and other factors, of $850,000,000 in aggregate principal amount of senior unsecured notes due 2026 (the Notes ).
Forward looking statements
This release contains forward-looking statements as defined in Section 27A of the U.S. Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act ). Words such as guidance, confident, believe, expect, anticipate, plan, intend, foresee, should, would, could, may, will, likely, predicated, estimate, outlook and other similar expressions, including the negatives thereof are intended to identify forward-looking statements, which are generally not historical in nature, and include any statements with respect to the potential separation of the Company into TechnipFMC and Technip Energies, the expected financial and operational results of TechnipFMC and Technip Energies after the potential separation and expectations regarding TechnipFMC's and Technip Energies' respective capital structures, businesses or organizations after the potential separation. 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. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on our current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate.
All of our forward-looking statements involve risks and uncertainties (some of which are significant or beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. There can be no guarantee that we will be able to realize any of the potential strategic benefits or opportunities of the Spin-off, that we or our business will be commercially successful in the future, or achieve any particular credit rating or financial results, or that the Spin-off will be successful.
For 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 United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, our filings with the Autorit des march s financiers or the U.K. Financial Conduct Authority, as well as the following:
Risks related to our business and industry
Demand for our products and services depends on oil and gas industry activity and expenditure levels, which are directly affected by trends in the demand for and price of crude oil and natural gas.
We operate in a highly competitive environment and unanticipated changes relating to competitive factors in our industry, including ongoing industry consolidation, may impact our results of operations.
The COVID-19 pandemic ( COVID-19 ) has significantly reduced demand for our products and services, and has had, and may continue to have, an adverse impact on our financial condition, results of operations, and cash flows.
Our success depends on our ability to develop, implement, and protect new technologies and services and the intellectual property related thereto.
Due to the types of contracts we enter into and the markets in which we operate, the cumulative loss of several major contracts, customers, or alliances may have an adverse effect on our results of operations.
Disruptions in the political, regulatory, economic, and social conditions of the countries in which we conduct business could adversely affect our business or results of operations.
The United Kingdom's withdrawal from the European Union may have a negative effect on global economic conditions, financial markets, and our business.
Our existing and future debt may limit cash flow available to invest in the ongoing needs of our business and could prevent us from fulfilling our obligations under our outstanding debt.
A downgrade in our debt rating could restrict our ability to access the capital markets.
Our acquisition and divestiture activities involve substantial risks.
Risks related to our operations
We may lose money on fixed-price contracts.
Our failure to timely deliver our backlog could affect future sales, profitability, and relationships with our customers.
We face risks relating to our reliance on subcontractors, suppliers, and our joint venture partne
