Forum Energy Technologies, Inc. Announces Commencement of Tender Offer and Consent Solicitation

Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) today announced the commencement of a modified “Dutch Auction” tender offer and consent solicitation (the “Offer”) for a portion of its outstanding 6.250% Senior Notes due 2021 (the “Notes”).

Title of Security

CUSIP Number

Principal Amount
Outstanding(1)

Tender Cap

Early Tender
Payment (2)

Total Consideration
Acceptable Range (2) (3)

6.250% Senior Notes due 2021

34984V AB6

 

$387,830,000

 

$80,000,000

 

$50.00

 

$340.00 to $400.00

(1)	Aggregate principal amount outstanding as of April 15, 2020.
(2)	Per $1,000 principal amount of Notes accepted for purchase and excluding Accrued Interest, which will be paid in addition to the Total Consideration or the Tender Offer Consideration, as applicable.
(3)	Includes the Early Tender Payment.

Forum is offering to purchase, for cash, an aggregate principal amount of Notes that would result in a maximum aggregate payment amount of up to $80.0 million (exclusive of accrued and unpaid interest as described below) (the “Tender Cap”), in accordance with the modified “Dutch Auction” procedures described below.