Forum Energy Technologies Inc.
10/18/2024 | Press release | Distributed by Public on 10/18/2024 07:04
Material Agreement Form 8 K
Item 1.01 Entry into a Material Definitive Agreement.
On October 14, 2024, Forum Energy Technologies, Inc. ("Forum") entered into an amendment (the "Credit Agreement Amendment") to the Third Amended and Restated Credit Agreement, dated as of October 30, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified, the "Credit Agreement"), among Forum, as borrower, the other borrowers party thereto, the guarantors party thereto, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto.
Pursuant to the Credit Agreement Amendment, the Credit Agreement will, upon satisfaction of conditions precedent specified therein, be modified to (i) permit the issuance of the Bonds (as defined below), (ii) permit, subject to specified conditions and up to specified amounts, redemption of the Bonds in certain circumstances and (iii) specify the extent to which collateral will be granted to secure Credit Agreement obligations by subsidiaries of Forum organized or domiciled under the laws of the United Kingdom, Germany or any territory or county thereof.
The foregoing description of the Credit Agreement Amendment is a summary only and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K.