Service & Supply | Oilfield Services | Capital Markets | Private Equity Activity
US Pressure Pumper FTS Taps Debt Market; $350 Million Notes
Email
Print 
Bookmark
FTS International, Inc. (FTSI) announced today that it has completed an offering of $350 million of senior secured floating rate notes due 2020 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”).
The proceeds from the offering will be used to repay all outstanding borrowings under FTSI’s existing revolving credit facility, to pay related fees and expenses and for general corporate purposes.
The company is ranked 4th in the US based on pressure pumping capacity.
Source : Seventy Seven Energy via ShaleExperts Presentation Manager
Related Categories :
Gulf Coast - South Texas News >>>
-
Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex
19.jpg&new_width=60&new_height=60&imgsize=false)
-
Amplify Energy Adds Finance Exec to Board -
-
Japanese Conglomerate Exits Shale Biz with Sale of Eagle Ford Asset -
-
ConocoPhillips Fourth Quarter, Full Year 2020 Results -
-
Chesapeake IDs 2021 Budget; Focuses on Appalachia, Ark-La-Tex Assets
