THE WOODLANDS, Texas,
May 18, 2016 /PRNewswire/ -- TETRA Technologies, Inc.
(NYSE:TTI) (the "Company" or "TETRA") today announced an
extension of its previously announced tender offer to purchase any
and all of its outstanding 5.09% Senior Notes, Series 2010-A, due
December 15, 2017 (PPN 88162F B#1)
and its 5.67% Senior Notes, Series 2010-B, due
December 15, 2020 (PPN 88162F C*4) (collectively, the
"Notes"). The tender offer, as so extended, will now expire
immediately after 11:59 p.m., Eastern
Time, on Thursday, June 2, 2016, unless the Company
terminates the tender offer earlier or extends the tender offer
further.
As of 5:00 p.m., Eastern Time
today, the Company had received valid tenders of $46,944,444 aggregate principal amount of the
Notes. This represents approximately 72.2% of the outstanding
principal amount of the Notes.
Subject to applicable law, the Company may terminate the tender
offer at any time prior to its expiration in the Company's sole
discretion.
This press release does not constitute an offer to purchase, or
the solicitation of an offer to sell, any securities, and there
will be no purchase of any securities in any state in which such an
offer, solicitation, or purchase would be unlawful prior to the
registration or qualification of such securities under the
securities laws of any such state. The tender offer is being made
only by means of the offer to purchase and related documents. The
tender offer is not being made to holders of Notes in any
jurisdiction in which the making or acceptance thereof would not be
in compliance with the securities, blue sky or other laws of such
jurisdiction.
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.