TechnipFMC Enters Into Amendments to Revolving Credit Facility Agreements
June 15 2020 - 5:47PM
Business Wire
Regulatory News:
TechnipFMC plc (the “Company”) (NYSE:FTI) (Paris:FTI)
(ISIN:GB00BDSFG982) announces that on 15 June 2020, it filed with
the U.S. Securities and Exchange Commission its Current Report on
Form 8-K (“Form 8-K”) announcing that on 12 June 2020, the
Company entered into Amendment No 1. to its $2.5 billion senior
unsecured revolving credit facility agreement (the “RCF”)
and an Amendment and Restatement Agreement to its €500 million
senior unsecured revolving credit facility agreement (the “Euro
Facility”). Capitalized terms used herein but not defined have
the meaning provided in the relevant credit facility
agreements.
The amendments permit the Company to include approximately $3.2
billion of goodwill (which was impaired in the quarter ended 31
March 2020) to the calculation of Consolidated Net Worth. These
amendments are permanent for the purpose of calculating the
Company’s Total Capitalization Ratio for purposes of quarterly
compliance and are effective through the respective expirations of
the RCF and Euro Facility.
A copy of the Current Report on Form 8-K can be found on the SEC
website (www.sec.gov) and on the TechnipFMC website
(investors.technipfmc.com).
A copy of the Current Report on Form 8-K, along with Amendment
No. 1 to the RCF and the Amendment and Restatement Agreement to the
Euro Facility, has been submitted to the U.K. NSM on the date of
this announcement and is, or will shortly be, available for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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Belorgeot
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Brooke Robertson
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