FTS International Announces Offering of $500 Million of Senior Secured Notes

FORT WORTH, Texas--()--FTS International Inc. (FTSI) announced today that it plans to offer $500 million of senior secured notes due 2022 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The terms, pricing and consummation of the offering of the notes are subject to market and other conditions.

The proceeds from the offering will be used, together with the proceeds of FTSI’s previously-announced new term loan credit facility, to refinance FTSI’s existing indebtedness and to pay related fees and expenses. The obligations under the notes will be secured by equity and the current assets of FTSI's material domestic subsidiaries.

The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption therefrom. The notes will be offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, and shall not constitute an offer, solicitation or sale of any notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

This press release contains forward-looking statements, including the expected terms and collateral of the notes, the consummation of the transaction described herein and the use of proceeds. Forward-looking statements give our current expectations or forecasts of future events. Although we believe our forward-looking statements are reasonable, they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and actual results may differ from the expectations expressed. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this press release, and we undertake no obligation to update this information.

About FTS International

FTS International is a leading provider of well completion services, including pressure pumping, wireline and water management. Exploration and production companies use FTS International’s products, services and expertise to enhance recovery rates from oil and gas wells, primarily in unconventional plays.

Contacts

FTS International Inc.
Pamela Percival, 817-862-2068
Director of Corporate Communications
pamela.percival@ftsi.com

Release Summary

FTS International plans to offer $500 million of senior secured notes in a private transaction, with proceeds to be used to refinance existing indebtedness and pay related fees and expenses.

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Contacts

FTS International Inc.
Pamela Percival, 817-862-2068
Director of Corporate Communications
pamela.percival@ftsi.com