TechnipFMC announces the extension of its previously announced public ticket offer




TechnipFMC plc (NYSE: FTI) (Paris: FTI) (the “Society“) today announced the extension of its previously announced cash tender offer (the”Take-over bid“) to purchase up to $ 250 million in total capital (the”Maximum amount of the offer“) its 6.500% senior bonds maturing in 2026 (the”Remarks“).

The extended expiry time of the take-over bid will be 11:59 p.m. New York time on October 7, 2021 (the “Expiration date“).

At 5:00 p.m. New York time on September 14, 2021 (the “Anticipated bidding time“), the aggregate principal amount of the Notes of $ 164,113,000 had been validly deposited and had not been validly withdrawn. These Notes were accepted by the Company on September 15, 2021 without pro rata.

In addition, the Company reiterates that the early submission premium of $ 30.00 will apply from September 15, 2021 to the expiration time at the latest. The terms and conditions of the tender offer otherwise remain unchanged and are set out in a tender offer (the “Bid“), Dated August 31, 2021.

If more than the maximum amount of the ticket offer is validly deposited and the tickets are accepted for purchase, the amount of tickets to be purchased will be prorated as described in the offer to purchase. Only tickets validly deposited by the expiration time at the latest will be subject to any pro-rata calculation. The Company reserves the right, but is not obligated, to increase the Maximum Amount of the Offer at its sole discretion. The Company will return any Ticket the purchase of which has not been accepted promptly after the Expiration Time.

The Company has engaged Citigroup Global Markets Inc. and BofA Securities, Inc. to act as broker managers for the takeover bid. The information agent for the takeover bid is Global Bondholder Services Corporation. Copies of the Offer to Purchase and related Offer Documents are available by contacting the Information Agent at (866) 470-3700 (toll free) or (212) 430-3774. Questions regarding the take-over bid should be directed to Citigroup Global Markets, Inc. at (800) 558-3745 (toll free) or (212) 723-6106 (collect) and to BofA Securities, Inc. at (980) 388-3646 (collection) or [email protected]

This press release does not constitute an offer to buy or a solicitation of an offer to sell any securities. The tender offer is being made only in accordance with the terms of the tender offer. The Tender Offer is not made to holders of Notes in a jurisdiction in which the completion or acceptance thereof would not comply with securities laws or other laws of that jurisdiction.

Forward-looking statements

This press release contains forward-looking statements. The words “expect”, “believe”, “estimate” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements involve important risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and from our current expectations or projections. For more information on known material factors that could cause actual results to differ from projected results, please see our risk factors set out in our filings with the United States Securities and Exchange Commission, which include our annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We assume no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as may action required by law.


The communication of this press release and any other document or material relating to the tender offer is not made and these documents and / or materials have not been approved by an authorized person for the purposes of the Article 21 of the Financial Services and Markets Act 2000. (“FSMA“). Therefore, these documents and / or materials are not distributed and should not be made available to the general public in the United Kingdom. The communication of such documents and / or materials is exempt from the restriction on financial promotions under Article 21 of the FSMA on the basis that it is addressed only and can be communicated to (1) persons who are members or existing creditors of the Company or other persons referred to in section 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, and (2) to any other person to whom such documents and / or materials may be legally communicated.

European Economic Area (EEA)

In any member state of the European Economic Area (EEA) (the “State concerned“), this press release is addressed only to qualified investors of that State concerned within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017, as amended (the”Prospectus Regulation“). Each person in a Relevant State who receives a communication regarding the takeover bid contemplated in this press release will be deemed to have declared, guaranteed and agreed and with each Dealer Manager and the Company that he is a qualified investor within the meaning of of Article 2 (e) of the Prospectus Regulation.

About TechnipFMC

TechnipFMC is a leading technology provider for traditional and new energy industries, offering fully integrated projects, products and services.

With our proprietary technologies and global solutions, we are transforming the economy of our clients’ projects, helping them unlock new opportunities for developing energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized into two business segments, subsea and surface technologies, we will continue to drive the industry forward through our pioneering integrated ecosystems (such as iEPCI â„¢, iFEED â„¢ and iComplete â„¢), technological leadership and digital innovation. .

Each of our approximately 20,000 employees is motivated by a commitment to the success of our clients and a culture of strong execution, focused innovation and demanding industry conventions.

TechnipFMC uses its website as a channel for distributing important company information. To learn more about how we are driving change in the industry, visit and follow us on Twitter @TechnipFMC.

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