THE WOODLANDS, Texas,
Dec. 8, 2015 TETRA Technologies, Inc.
(NYSE:TTI) (the "Company" or "TETRA") today announced
the completion of its previously announced tender offer (the
"Tender Offer") to purchase up to $25,000,000 aggregate principal amount of its
5.09% Senior Notes, Series 2010-A, due December 15, 2017 (PPN 88162F B#1) (the "2010-A
Notes") and its 5.67% Senior Notes, Series 2010-B, due
December 15, 2020 (PPN 88162F C*4) (the "2010-B Notes"
and collectively with the 2010-A Notes, the "Notes"). The Tender
Offer expired immediately after 11:59 p.m., Eastern Time, on
Monday, December 7, 2015 (the "Expiration Time").
By the Expiration Time, TETRA received Notes validly tendered
(and not validly withdrawn) in an aggregate principal amount in
excess of the $25,000,000 maximum
purchase amount set forth in the Offer to Purchase dated
November 5, 2015 (the "Offer to
Purchase"). As a result, the Company has purchased $25,000,000 aggregate principal of Notes on a pro
rata basis in accordance with the terms set forth in the Offer to
Purchase. Set forth in the table below is the aggregate principal
amount of each series of Notes that TETRA has accepted for purchase
pursuant to the Tender Offer and the aggregate principal amount of
each series of Notes that remains outstanding following settlement
of the Tender Offer.
Title of
Security
|
Aggregate Principal
Amount
Accepted for
Purchase
|
Aggregate Principal
Amount that
Remains
Outstanding
|
2010-A
Notes
|
$18,055,555.56
|
$46,944,444.44
|
2010-B
Notes
|
$6,944,444.44
|
$18,055,555.56
|
The Company has paid total consideration of $100,000 per $100,000 principal amount of the tendered Notes,
plus accrued and unpaid interest from the last interest payment
date to, but not including, the payment date.
About TETRA
TETRA is a geographically diversified oil and gas services
company, focused on completion fluids and associated products and
services, water management, frac flowback, production well testing,
offshore rig cooling, compression services and equipment, and
selected offshore services including well plugging and abandonment,
decommissioning, and diving. TETRA owns an equity interest,
including all of the general partner interest, in CSI Compressco LP
(NASDAQ:CCLP), a master limited partnership.
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SOURCE TETRA Technologies, Inc.