TechnipFMC plc Availability of Form 8-K Current Report
September 20 2017 - 5:15PM
Business Wire
Regulatory News:
TechnipFMC plc (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982)
(“TechnipFMC”) (NYSE & Euronext: FTI) (ISIN:
GB00BDSFG982) announces that on 20 September 2017, it has filed
with the U.S. Securities and Exchange Commission (“SEC”) a Current
Report on Form 8-K. The Current Report on Form 8-K announces that
on September 14, 2017, TechnipFMC and FMC Technologies, Inc., a
wholly-owned subsidiary of the Company (“FMCTI”), entered into new
commercial paper dealer agreements (each a “Dealer Agreement”) with
five dealers (each, a “Dealer” and, collectively, the “Dealers”)
for FMCTI’s existing $1.5 billion commercial paper program (the
“Program”). Under the Program, FMCTI may issue unsecured commercial
paper notes (the “Notes”) pursuant to the exemption from
registration contained in Section 4(a)(2) of the U.S. Securities
Act of 1933, as amended (the “Securities Act”). Amounts available
under the Program may be borrowed, repaid and re-borrowed from time
to time, with the aggregate principal amount of Notes outstanding
under the Program at any time not to exceed $1.5 billion. The net
proceeds from issuances of the Notes are expected to be used for
general corporate purposes. The Notes will be unconditionally
guaranteed by TechnipFMC (the “Guarantee”). The Notes will have
maturities of up to 365 days from date of issuance. The Notes and
the Guarantee will rank at least pari passu with FMCTI’s and
TechnipFMC’s other unsecured and unsubordinated indebtedness,
respectively. A national bank will act as the issuing and paying
agent under the Program pursuant to the terms of an issuing and
paying agent agreement.
The Dealer Agreements are substantially identical in all
material respects except as to the name of the Dealer that is a
party thereto and contain customary representations, warranties,
covenants, and indemnification provisions. The form of Dealer
Agreement is attached to TechnipFMC’s Current Report on Form 8-K as
Exhibit 10.1 and is incorporated therein by reference.
From time to time, the Dealers and certain of their affiliates
provide commercial banking, investment banking and other financial
advisory services to TechnipFMC and its affiliates, including
FMCTI, for which the Dealers have received or will receive
customary fees and expenses.
Neither the Notes nor the Guarantee has been or will be
registered under the Securities Act or state securities laws, and
neither the Notes nor the Guarantee may be offered or sold in the
United States absent registration or an applicable exemption from
the registration requirements of the Securities Act and applicable
state laws.
A copy of the Current Report on Form 8-K can be found on the SEC
website (www.sec.gov) and on the TechnipFMC website
(www.technipfmc.com).
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TechnipFMC plcInvestor relationsMatt
SeinsheimerVice President Investor RelationsTel: +1 281 260
3665Email: Matt SeinsheimerorJames DavisSenior Manager Investor
RelationsTel: +1 281 260 3665Email: James DavisorMedia
relationsChristophe BelorgeotVice President Corporate
CommunicationsTel: +33 1 47 78 39 92Email: Christophe
BelorgeotorDelphine NayralManager Public RelationsTel: +33 1 47 78
34 83Email: Delphine NayralorLisa AdamsSenior Manager Digital
CommunicationsTel: +1 281 405 4659Email: Lisa Adams
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