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Sept. 18, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) ("FMC") has priced a public offering of
$800 million of senior unsecured notes composed of
$300 million aggregate principal amount of 2.00% senior notes due 2017 (the "2017 Notes") and
$500 million aggregate principal amount of 3.45% senior notes due 2022 (the "2022 Notes" and together with the 2017 Notes, the "senior notes"). The sale of the senior notes is expected to settle on
September 21, 2012, subject to customary closing conditions. FMC Technologies intends to use the net proceeds from the offering to repay outstanding commercial paper and indebtedness under its revolving credit facility.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This offering may be made only by means of a prospectus and related prospectus supplement.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC will act as joint book-running managers for the offering. An investor may obtain a free electronic copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the Securities and Exchange Commission website at
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE ® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 16,100 employees and operates 27 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. For more information, visit www.fmctechnologies.com.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, including the use of proceeds. Forward-looking statements include estimates and 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.