FTS International Inc. will offer $500 million of senior unsecured notes due 2022 in a private transaction whose terms were not disclosed, the company said April 7.
Net proceeds from the offer, alongside the company’s new term loan credit facility, will refinance debts and pay related fees and expenses, FTS said.
The notes’ obligations will be secured by equity and by the assets from the company’s domestic subsidiaries, FTS added.
Fort Worth-based FTS International provides well completion services to oil and natural gas exploration and production (E&P) companies.
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