FTI TechnipFMC Limited

On January 12, 2017, FMC Technologies, Inc. (“FMCTI”) and Technip Eurocash SNC (together with FMCTI, the “Borrowers”) entered into a new $2.5 billion senior unsecured revolving credit facility agreement with JPMorgan Chase Bank, N.A. (“JPMorgan”) as agent and an arranger; SG Americas Securities LLC as an arranger; and the lenders party thereto (the “Facility Agreement”). The Facility Agreement provides that FMCTI shall act as initial guarantor and that TechnipFMC plc (“TechnipFMC”) shall accede as an additional borrower and an additional guarantor following the consummation of its pending business combination with FMCTI and Technip S.A. (the “Transaction”). The Facility Agreement will replace FMCTI’s existing $2.0 billion revolving credit agreement and Technip Eurocash SNC’s existing €1.0 billion multicurrency revolving facility agreement, both of which are currently undrawn and will terminate upon availability of the Facility Agreement.

The Facility Agreement provides for the establishment of a multicurrency, revolving credit facility with a total commitment of $2.5 billion, which includes a $1.5 billion letter of credit subfacility and a $500.0 million swingline loan subfacility. Subject to certain conditions, the Borrowers may request the aggregate commitments under the Facility Agreement be increased to a maximum amount of $3.0 billion. Unless otherwise extended pursuant to the terms of the Facility Agreement, the credit facility expires five years from the date on which (i) the Transaction has been consummated and (ii) certain other conditions precedent have been satisfied. No funds may be borrowed under the credit facility until TechnipFMC accedes to the Facility Agreement.

Borrowings under the Facility Agreement bear interest at the following rates, plus an applicable margin, depending on currency:

Depending on the credit rating of TechnipFMC, the applicable margin for revolving loans varies (i) in the case of Adjusted LIBOR and EURIBOR loans, from 0.820% to 1.300% and (ii) in the case of base rate loans, from 0.000% to 0.300%. The “base rate” is the highest of (a) the prime rate announced by JPMorgan, (b) the greater of the Federal Funds Rate and the Overnight Bank Funding Rate plus 0.5% or (c) one-month Adjusted LIBOR plus 1.0%.

The Facility Agreement contains usual and customary covenants, representations and warranties and events of default for credit facilities of this type, including financial covenants.

The foregoing description of the Facility Agreement does not purport to be complete and is qualified in its entirety by reference to the Facility Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.