TechnipFMC Announces Pricing of $1,000,000,000 Senior Notes
TechnipFMC
TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982), in anticipation of the previously announced planned separation (the “Spin-off”) into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider, and Technip Energies, a leading engineering and technology player, announced today that TechnipFMC priced its previously announced offering of $1,000,000,000 aggregate principal amount of 6.500% senior unsecured notes due 2026 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the Notes to be issued in the offering has been increased from the previously announced $850,000,000 to $1,000,000,000. TechnipFMC intends to use the net proceeds from the offering of the Notes, together with cash on hand,
TechnipFMC plc: TechnipFMC Announces Pricing of $1,000,000,000 Senior Notes
Regulatory News:
TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982), in anticipation of the previously announced planned separation (the Spin-off ) into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider, and Technip Energies, a leading engineering and technology player, announced today that TechnipFMC priced its previously announced offering of $1,000,000,000 aggregate principal amount of 6.500% senior unsecured notes due 2026 (the Notes ) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act ). The aggregate principal amount of the Notes to be issued in the offering has been increased from the previously announced $850,000,000 to $1,000,000,000. TechnipFMC intends to use the net proceeds from the offering of the Notes, together with cash on
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Regulatory News:
TechnipFMC plc (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) (the Company or TechnipFMC ) today announced that it will host a Capital Markets Day dedicated to Technip Energies B.V. ( Technip Energies ) in connection with the Company s previously announced plan to separate into two industry-leading independent, publicly traded companies: TechnipFMC and Technip Energies. The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC s Technip Energies business segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.
The Capital Markets Day will feature presentations from members of Technip Energies executive team, including:
Regulatory News: TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) in anticipation of the previously announced planned separation (the "Spin-off") into two industry-leading, independent
TechnipFMC
plc (the “Company”) (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) today announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective strategies and provide both improved flexibility and growth opportunities, with each company uniquely positioned to capitalize on the energy transition.
The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.