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TechnipFMC Announces Offering Of Senior Notes - Quick Facts

TechnipFMC plc (FTI) said TechnipFMC plans to offer $850 million aggregate principal amount of senior unsecured notes due 2026 in a private offering. TechnipFMC intends to use the net proceeds from the offering of the notes, together with cash on hand, to: fully repay and terminate certain of TechnipFMC's existing indebtedness, pay fees and expenses related to the spin-off and provide working capital and for general corporate purposes for TechnipFMC.

TechnipFMC plc said the planned separation into two independent, publicly traded companies: TechnipFMC, and Technip Energies, is expected to be completed in the first quarter of 2021.

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