Forum Energy Technologies Extends $250 Million Credit Facility to 2031

Reuters02-05 06:19

<a href="https://laohu8.com/S/FET">Forum Energy Technologies</a> Extends $250 Million Credit Facility to 2031

Forum Energy Technologies Inc. (FET) has announced an amendment to its senior secured asset-based lending credit facility, extending the maturity to February 2031. The $250 million facility, arranged with Wells Fargo Bank, JPMorgan Chase Bank, and Bank of America, also increases the allowable letters of credit to $110 million and adjusts interest rates to an excess availability-based structure with improved pricing. The amendment is intended to provide FET with greater financial flexibility for strategic initiatives, including long-term debt retirement, investments, and acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forum Energy Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260204197368) on February 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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(FET) has announced an amendment to its senior secured asset-based lending credit facility, extending the maturity to February 2031. The $250 million facility, arranged with <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> Bank, JPMorgan Chase Bank, and Bank of America, also increases the allowable letters of credit to $110 million and adjusts interest rates to an excess availability-based structure with improved pricing. The amendment is intended to provide FET with greater financial flexibility for strategic initiatives, including long-term debt retirement, investments, and acquisitions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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(FET) has announced an amendment to its senior secured asset-based lending credit facility, extending the maturity to February 2031. The $250 million facility, arranged with Wells Fargo Bank, JPMorgan Chase Bank, and Bank of America, also increases the allowable letters of credit to $110 million and adjusts interest rates to an excess availability-based structure with improved pricing. The amendment is intended to provide FET with greater financial flexibility for strategic initiatives, including long-term debt retirement, investments, and acquisitions.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forum Energy Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. 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