TechnipFMC Announces Early Tender Results, Upsize of Maximum Tender Amount and Receipt of Requisite Consents for Consent Solicitation Relating to Its Outstanding 6.500% Senior Notes due 2026

Regulatory News:

TechnipFMC plc (NYSE: FTI) (the “Company”) announced today the results as of 5:00 p.m., New York City time, on May 3, 2022 (the “Early Tender Time”) of its previously announced tender offer (the “Tender Offer”) to purchase, subject to certain terms and conditions, its 6.500% Senior Notes due 2026 (the “Notes”) and the related solicitation of consents (the “Consents”) of holders with respect to the Notes (the “Consent Solicitation”) to certain proposed amendments (the “Proposed Amendments”) to the indenture governing the Notes. The Proposed Amendments will, among other things, eliminate substantially all of the restrictive covenants and certain events of default triggers in the indenture.

The Company further announced that it has increased the maximum aggregate principal amount of Notes to be accepted in the Tender Offer (the “Maximum Tender Amount”) from $320,000,000 to $430,187,000. The terms and conditions of the Tender Offer and the Consent Solicitation, as set forth in an Offer to Purchase and Consent Solicitation (the “Statement”), dated April 20, 2022, otherwise remain unchanged.

As of the Early Tender Time, $430,187,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn. The Company intends to accept all such Notes without proration. The settlement date for the Notes accepted for purchase is expected to occur on May 4, 2022 (the "Early Settlement Date"). Holders of Notes validly tendered at or prior to the Early Tender Time, not validly withdrawn and accepted for purchase in accordance with the terms of the Tender Offer will receive on the Early Settlement Date, for each $1,000 principal amount of such Notes, the “Total Consideration” of $1,050, 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 February 1, 2022, the last interest payment date for the Notes to, but not including, the Early Settlement Date.

Pursuant to the Consent Solicitation, the Company obtained the requisite consents required to approve the Proposed Amendments. The Company intends to execute a supplemental indenture to the indenture governing the Notes to give effect to the Proposed Amendments. Upon such execution, the Proposed Amendments will be effective.

Because the aggregate principal amount of the Notes that has been accepted for purchase is equal to the Maximum Tender Amount, no further Notes will be accepted in the Tender Offer.

The Company has engaged BofA Securities, Inc. and Citigroup Global Markets Inc. to act as the dealer managers for the Tender Offer and solicitation agents for the Consent Solicitation. The Information Agent for the Tender Offer and the Consent Solicitation is Global Bondholder Services Corporation. Copies of the Statement and related offering materials are available by contacting the Information Agent at [phone] (toll-free) or [phone]. Questions regarding the Tender Offer and the Consent Solicitation should be directed to BofA Securities, Inc. at [phone] (toll-free) or [phone] (collect) or [e-mail] and Citigroup Global Markets, Inc. at [phone] (toll-free) or [phone] (collect).