
Press release | September 15 2021
TechnipFMC Announces Early Results in Connection with Its Previously Announced Note Tender Offer; Early Tender Premium Shall Apply through the Expiration Time NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- TechnipFMC plc (NYSE: FTI) (Paris: FTI) (the Company ) announced today the results as of 5:00 p.m., New York City time, on September 14, 2021 (the Early Tender Time ) of its previously announced cash tender offer (the Tender Offer ) to purchase up to $250 million aggregate principal amount (the Maximum Tender Amount ) of its 6.500% Senior Notes due 2026 (the Notes ).
As of the Early Tender Time, $164,113,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn. These Notes are being accepted by the Company today without proration. Holders of Notes validly tendered at or prior to the Early Tender Time, not validly withdrawn and accepted for purchase in accordance with the terms of the Tender Offer are receiving today, for each $1,000 principal amount of such Notes, the Total Consideration of $1,075, which includes an Early Tender Premium of $30.00. In addition to the Total Consideration, such Holders are also receiving, in respect of such Notes, accrued and unpaid interest from August 1, 2021 (the last interest payment date for the Notes) to, but not including, today.
Additionally, the Company announced today that the Early Tender Premium of $30.00 shall apply to Notes validly tendered from the date hereof to at or before the Expiration Time. The terms and conditions of the Tender Offer, including the withdrawal deadline, which was 5:00 p.m., New York City time, on September 14, 2021, otherwise remain unchanged and are set forth in an Offer to Purchase (the Offer to Purchase ), dated August 31, 2021. Accordingly, tendered Notes may no longer be withdrawn.
The Tender Offer will expire at 11:59 p.m., New York City time, on September 28, 2021 (the Expiration Time ), unless extended or earlier terminated. Holders of Notes validly tendered after the Early Tender Time and at or before the Expiration Time will be eligible to receive $1,075 for each $1,000 principal amount of such Notes. Following this announcement, such amount shall also be referred to as the Tender Offer Consideration .
In addition to the Tender Offer Consideration, such Holders will also receive, in respect of such Notes, accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the settlement date for such Notes. Payment for all Notes validly tendered after the Early Tender Time and accepted for purchase will be made promptly after the Expiration Time.
If more than the Maximum Tender Amount of Notes are validly tendered, and Notes are accepted for purchase, the amount of Notes that will be purchased will be prorated as described in the Offer to Purchase. Only Notes validly tendered after the Early Tender Time and at or before the Expiration Time will be subject to possible proration. The Company reserves the right, but is not obligated, to increase the Maximum Tender Amount in its sole discretion. The Company will return any Notes not accepted for purchase promptly after the Expiration Time.
The Company has engaged Citigroup Global Markets Inc. and BofA Securities, Inc. to act as the dealer managers for the Tender Offer. The Information Agent for the Tender Offer is Global Bondholder Services Corporation. Copies of the Offer to Purchase and related offering materials are available by contacting the Information Agent at (866) 470-3700 (toll-free) or (212) 430-3774. Questions regarding the Tender Offer should be directed to Citigroup Global Markets, Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect) and BofA Securities, Inc. at (980) 388-3646 (collect) or debt_advisory@bofa.com.
This press release is not an offer to purchase or a solicitation of an offer to sell any securities. The Tender Offer is being made solely pursuant to the terms of the Offer to Purchase. The Tender Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities or other laws of such jurisdiction.
Forward-Looking Statements
This release contains forward-looking statements. The words expect, believe, estimated, 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 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. 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.
United Kingdom
The communication of this press release and any other documents or materials relating to the Tender Offer is not being made and such documents and/or materials have not been approved by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000 ( FSMA ). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or mat
North America Stories
30/06/2025
The Artemis II Space Launch System core stage is integrated with the solid rocket boosters inside High Bay 3 of the Vehicle Assembly Building at NASAs Kennedy S...
30/06/2025
RALEIGH, N.C. Capitol Broadcasting Co. has named Heather Gray vice president and general manager of WRAL-TV and WRAZ-TV here....
30/06/2025
The Virginia Association of Broadcasters has recognized Bill Sewell, Director of Engineering at WTKR & WGNT in Norfolk, Va. as the recipient of the 2025 J.J. Fr...
30/06/2025
The Society of Broadcast Engineers said its annual member drive resulted in the recruitment of 49 individual members....
30/06/2025
BURLINGTON, Mass. Avid today released its fully integrated news platform, uniting MediaCentral and Wolftech News in a single newsroom solution, and will demonst...
30/06/2025
WASHINGTON The Federal Communication's Enforcement and Media Bureaus have entered into a Consent Decree with Sinclair Broadcast Group to resolve a variety o...
30/06/2025
Berklee at Umbria Jazz Clinics to Host 40th Anniversary Concert The celebration will be held on July 10 in Perugia, Italy.
By
Colette Greenstein
June 30, 202...
30/06/2025
PremiumBeat Tips and Tricks
Brie Clayton June 30, 2025
0 Comments
When editing to impress, you'll need quality music, and if your studio happens t...
30/06/2025
Back to All News
Bel n Cuesta and Karra Elejalde Star in El ni o, the New Film ...
30/06/2025
Back to All News
A New Dangerous Troll Awakens: Netflix Unleashes Teaser for Troll 2Play Video
Play Video
Entertainment
30 June 2025
GlobalNorwayDenmarkSwe...
29/06/2025
Back to All News
A Secret Society, Ritualistic Killings, and a Century-Old Curs...
28/06/2025
WASHINGTON In a press conference following the Federal Communications Commission's May Open Meeting, Chair Brendan Carr promised the agency would move rapid...
28/06/2025
STAMFORD, Conn. Charter Communications has awarded $1.1 million in Spectrum Digital Education grants to 55 nonprofit organizations that work to expand access to...
28/06/2025
LAKE FOREST, Calif. June 19, 2025
What's New:
Sonnet Technologies today announced the certification of its Echo 20 Thunderbolt 4 SuperDock as an Engin...
28/06/2025
MASV (massive.io), the fastest and most reliable large file transfer platform for media professionals, has been named an IDC Innovator in the IDC Innovators: Me...
28/06/2025
Grass Valley today announced that TV SKYLINE GmbH, one of Europe's top mobile production providers, has expanded its camera inventory with 30 LDX 135 UHD/HD...
28/06/2025
AgileTV, a European leader in TV and video technology solutions, signed an agreement with Austrian telco LIWEST to develop and implement its TV service in Austr...
28/06/2025
The 48th Annual Indian National Finals Rodeo Shot with Blackmagic PYXIS 6K
Brie Clayton June 27, 2025
0 Comments
Filmmaker Cameron Mackey relied on Bl...
28/06/2025
Social, Streaming Don't Compete, They Compliment
Andy Marken June 27, 2025
0 Comments
I think we've all arrived at a very special place. Spir...
28/06/2025
Blackmagic Design Captures Filipino Rock Band Drama Singtala
Brie Clayton June 27, 2025
0 Comments
Blackmagic URSA Mini Pro 12K and DaVinci Resolve St...
28/06/2025
Enhance Videos Faster with Aiarty Video Enhancer - Offline, Sharp, and Natural
Brie Clayton June 27, 2025
0 Comments
If you've used AI video tools...
27/06/2025
By Jessica Herndon
One of the most exciting things about the Sundance Film Fest...
27/06/2025
WASHINGTON The Federal Communications Commission has set deadlines for comments to a notice of proposed rulemaking (NPRM) to codify certain foreign ownership re...
27/06/2025
WASHINGTON In a press conference following the Federal Communications Commission's May Open Meeting, Chair Brendan Carr promised the agency would move rapid...
27/06/2025
SAN JOSE, Calif. The HDMI Forum has released Version 2.2. of the HDMI Specification with 96Gbps bandwidth and next-gen HDMI Fixed Rate Link technology to provid...
27/06/2025
MONTREAL Grass Valley has announced that TV Skyline GmbH, one of Europe's top mobile production providers, has expanded its camera inventory with the acquis...
27/06/2025
NEW YORK & CHICAGO FuboTV Inc. and Weigel Broadcasting Co. have announced a multi-year agreement for distribution of seven networks including MeTV, H&I, Movies!...
27/06/2025
NEW YORK A national survey of U.S. consumers shows 66% of us watch TV all or most of the time and also multitask while doing it....
27/06/2025
MIAMI Sunbeam Television has reached a multiyear agreement with Findal Media & Technology Group to broadcast the new ABC Miami beginning Aug. 4....
27/06/2025
STATE COLLEGE, Pa. AccuWeather has announced a deal with Perplexity, a AI-powered search and answer engine, that will bring AccuWeathers weather data and severe...
27/06/2025
WASHINGTON After being sworn in on June 23 as the Federal Communications Commission's newest Commissioner, Olivia Trusty has hit the ground running with the...
27/06/2025
WASHINGTON The Federal Communications Commissions has set deadlines for comments to a Notice of Proposed Rulemaking (NPRM) to codify certain foreign ownership r...
27/06/2025
TAG Video Systems, the leader in software-based IP media probing, monitoring, visualization, and analytics, has announced a new collaboration with Gencom Techno...
27/06/2025
Pixel Power (A Rohde & Schwarz Company) has recently been working with France T l visions, the French national public TV broadcaster, on a number of projects fo...
27/06/2025
DPA Microphones' U.S. team, a partner of Wisycom SRL, is hosting a free webinar focused on Wisycom's innovative RF distribution technology for wireless ...
27/06/2025
Avid today announced the release and immediate availability of its fully integrated, industry-leading news platform, uniting MediaCentral and Wolftech News in...
27/06/2025
PlayBox Neo is only half way through the year and has already experienced sustained demand for the company's wide range of smart media solutions, reporting ...
27/06/2025
How Two Berklee Alumni Landed Songs in the Oscar-Winning Film Anora Joseph Capalbo BM '12 and Lyusi Simon BM '16 share how their collaboration spanned...
27/06/2025
How smarter compression is creating a sustainable future By Michael Burns
Monday, June 23, 2025 - 14:13
Print This Story
Live sport is especially vulnerab...
27/06/2025
Behind the Mic: FOX Sports Ratchets Up UEFA Women's EURO 2025 With Top-Class...
27/06/2025
RTL Group To Acquire Sky Deutschland By George Bevir, Editorial Director, SVG Europe
Friday, June 27, 2025 - 8:00 am
Print This Story | Subscribe
Story ...
27/06/2025
Frictionless, At Scale: The Current State of Live Video Streaming Techology Leaders from Bitmovin, Comcast Technology Solutions, Harmonic, IMAX, and Phenix brea...
27/06/2025
Marquee Sports Network's Nick Steger on Meeting the Moment of the Contending...
27/06/2025
NHL Draft 2025: The League Is Primed for First Decentralized Draft in Non-Pandem...
27/06/2025
Back to All News
Let the Final Games Begin With Squid Game' Season 3 Complete Coverage Guide
Entertainment
27 June 2025
Global
Link copied to clipboar...
27/06/2025
Back to All News
Squid Game: Unleashed: Celebrate the Epic Series Finale With N...
26/06/2025
Louis Greatorex, Amrou Al-Kadhi and Bilal Hasana. (Stephen Lovekin/Shutterstock for Sundance Film Festival)
By Veronika Lee Claghorn
The world premiere of Amr...
26/06/2025
Think of any major merger or acquisition in the media tech industry over the last 15 years and the odds are pretty good that MediaBridge Capital Advisors will h...
26/06/2025
Scott Gershin is an award-winning sound supervisor, sound designer, and mixer who has been a pioneer and leader in the film and gaming community for over three ...
26/06/2025
LAS VEGAS Sphere Entertainment Co. has released new details around the sound, score and infrasound haptic seats for The Wizard of Oz at Sphere, a fully immersiv...