Forum Energy Technologies, Inc 8-K, filed Apr 3, 2023
Forum Energy Technologies, Inc. (FET)
8-K
2023-04-03
For: 2023-04-01
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Added on
April 04, 2026
About this 8-K
Forum Energy Technologies, Inc filed this 8-K on April 3, 2023, reporting on events of April 1, 2023.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 1, 2023
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Item 1.01. Entry Into a Material Definitive Agreement.
Credit Agreement Amendment
On April 1, 2023, Forum Energy Technologies, Inc. (the “Company”) entered into an amendment (the “Credit Agreement Amendment”) to the Third Amended and Restated Credit Agreement, dated as of October 30, 2017 (as amended and supplemented, the “Credit Agreement”), among the Company, as borrower, the other borrowers party thereto, the guarantors party thereto, the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and the other parties named therein.
Pursuant to the Credit Agreement Amendment, the Credit Agreement was modified to, among other things, (i) replace the interest rate benchmark for borrowings denominated in United States dollars from the London Interbank Offered Rate to the Secured Overnight Financing Rate, (ii) reset existing capacity under the general “Permitted Dispositions” basket, and (iii) increase the domestic letter of credit sublimit from $45.0 million to $70.0 million.
The foregoing description of the Credit Agreement Amendment is a summary only and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, which will be filed with the Company’s quarterly report on Form 10-Q for the quarter ended June 30, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 3, 2023 | FORUM ENERGY TECHNOLOGIES, INC. | |||||||||||||
/s/ John C. Ivascu | ||||||||||||||
John C. Ivascu | ||||||||||||||
Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary | ||||||||||||||