TechnipFMC plc: TechnipFMC Announces Pricing of $1,000,000,000 Senior Notes
Regulatory News:
TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982), in anticipation of the previously announced planned separation (the Spin-off ) into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider, and Technip Energies, a leading engineering and technology player, announced today that TechnipFMC priced its previously announced offering of $1,000,000,000 aggregate principal amount of 6.500% senior unsecured notes due 2026 (the Notes ) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act ). The aggregate principal amount of the Notes to be issued in the offering has been increased from the previously announced $850,000,000 to $1,000,000,000. TechnipFMC intends to use the net proceeds from the offering of the Notes, together with cash on
(2)
Regulatory News:
TechnipFMC plc (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) (the Company or TechnipFMC ) today announced that it will host a Capital Markets Day dedicated to Technip Energies B.V. ( Technip Energies ) in connection with the Company s previously announced plan to separate into two industry-leading independent, publicly traded companies: TechnipFMC and Technip Energies. The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC s Technip Energies business segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.
The Capital Markets Day will feature presentations from members of Technip Energies executive team, including:
Regulatory News: TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) in anticipation of the previously announced planned separation (the "Spin-off") into two industry-leading, independent
2 months ago
The software solution features the Quuppa Intelligent Locating System™ for asset tracking and monitoring applications
Bluetooth® Low Energy radio System on Chip (SoC). Provided in a user-friendly CMSIS-Pack format, the solution allows manufacturers to design ultra-low-power indoor asset tracking applications with Direction Finding features and advanced Angle of Arrival (AoA) technology.
The Quuppa Intelligent Locating System is a powerful technology platform for location-based services and applications. Its unique Direction Finding methodology and positioning algorithms enable real-time tracking of tags and devices, with centimeter-level accuracy even in challenging environments. Quuppa technology allows positioning updates to be sent up to 50 times per second, providing a reliable and versatile Real-Time Locating System (RTLS) solution for all industries.
TechnipFMC plc: TechnipFMC Announces Resumption of Activities Toward Separation into Two Industry-Leading, Independent, Publicly Traded Companies
€750
1Financing commitments for both companies have been secured from leading international financial institutions. TechnipFMC will retain the outstanding public and private debt but for the European commercial paper program that will be retained by Technip Energies.
The Company believes that the allocation of cash and debt will allow Technip Energies to attain an investment grade capital structure upon completion of the separation. The Company also believes that TechnipFMC s pro forma capital structure has the ability to support an investment grade rating by at least one credit rating agency.