FTS International Announces Completion of $350 Million Notes Offering

FORT WORTH, Texas--()--FTS International, Inc. (FTSI) announced today that it has completed an offering of $350 million of senior secured floating rate notes due 2020 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”).

The proceeds from the offering will be used to repay all outstanding borrowings under FTSI’s existing revolving credit facility, to pay related fees and expenses and for general corporate purposes.

The notes have not been registered under the 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 were offered and sold only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding our business plan. 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 oilfield services to oil and natural gas exploration and production companies in the U.S. with expertise in high-pressure hydraulic fracturing. The company provides well completion services, including pressure pumping, wireline and reservoir optimization technologies. 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.
Lynaia Lutes, 817-339-3652
Director of External Communications
lynaia.lutes@ftsi.com
www.ftsi.com

Release Summary

FTS International, Inc. (FTSI) announced today that it has completed an offering of $350 million of senior secured floating rate notes.

Contacts

FTS International, Inc.
Lynaia Lutes, 817-339-3652
Director of External Communications
lynaia.lutes@ftsi.com
www.ftsi.com