Forum Energy Technologies Reports Commencement Of Backstopped Private Offering Of $100M Of 5-year Senior Secured Bonds
Portfolio Pulse from Benzinga Newsdesk
Forum Energy Technologies has announced the start of a backstopped private offering of $100 million in 5-year senior secured bonds. This move is likely aimed at raising capital for the company's operations or debt refinancing.
October 14, 2024 | 9:50 pm
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Forum Energy Technologies is launching a $100 million private offering of 5-year senior secured bonds, which could impact its financial stability and operations.
The issuance of $100M in bonds suggests FET is seeking to strengthen its financial position, potentially improving liquidity or refinancing existing debt. This is generally positive for the company's short-term financial health.
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