FORT WORTH, Texas--(BUSINESS WIRE)--FTS International, Inc. (“FTSI”) announced today its intention to raise capital through a potential initial public offering (“IPO”). The proposed IPO remains subject to market conditions and regulatory requirements.
If the IPO is consummated, FTSI intends to use the net proceeds for general corporate purposes, which include repaying existing indebtedness.
This press release contains forward-looking statements, including statements regarding FTSI’s potential IPO and the proposed 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.
A registration statement relating to the common stock of FTSI to be sold in the proposed IPO is expected to be filed with the Securities and Exchange Commission, but has not been filed or become effective. This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.