THE WOODLANDS,
Texas, May 25, 2016
/PRNewswire/ -- TETRA Technologies, Inc. (NYSE:TTI) (the
"Company" or "TETRA") today announced the completion of its
previously announced cash tender offer (the "Tender Offer") to
purchase any and all of its outstanding 4.00% Senior Notes due
April 29, 2020 (PPN 88162F C@2) (the
"Notes"). The Tender Offer expired immediately after 11:59 p.m., Eastern Time, on Tuesday, May 24, 2016 (the "Expiration
Time").
By the Expiration Time, TETRA received Notes validly
tendered (and not validly withdrawn) in an aggregate principal
amount of $35,000,000, representing
the total outstanding amount of the Notes. The Company has
purchased the $35,000,000 aggregate
principal amount of the Notes in accordance with the terms of the
Tender Offer.
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.
Logo -
http://photos.prnewswire.com/prnh/20100917/TTLOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tetra-technologies-inc-completes-its-cash-tender-offer-for-any-and-all-of-its-outstanding-400-senior-notes-due-april-29-2020-300275012.html
SOURCE TETRA Technologies, Inc.