FET Extends Credit Facility Maturity to February 2031
Forum Energy Technologies, Inc. (FET)
Last forum energy technologies, inc. earnings: 2/12 08:25 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today it has entered into an amendment to its senior secured asset-based lending credit facility (“Credit Facility”). Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., and Bank of America, N.A., acted as joint lead arrangers and joint book runners. Wells Fargo Bank, National Association, will continue to act as the administrative agent.Lyle Williams, Executive Vice President and Chief Financial Officer, remarked, “This amendment further strengthens FET’s balance sheet, and we appreciate our bank group’s support. The Credit Facility commitments of $250 million provide significant flexibility for FET to fund strategic initiatives, including long-term debt retirement, organic investments and acquisition opportunities. We are focused on our pursuit of realizing FET 2030.”The amendment’s key elements include: (i) the maturity has been extended, subject to certain exceptions, to February 203
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Sec Filings
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- FET's page on the SEC website