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Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”), announced today the pricing of a public underwritten offering of an aggregate of 10,000,000 shares of the Company’s common stock by funds affiliated with SCF Partners (the “Selling Stockholders) at a price to the public of $29.00 per share. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock solely to cover over-allotments. All net proceeds from the sale of the common stock will be received by the Selling Stockholders. The Company will not receive any of the proceeds from the sale. The offering is expected to close on or about May 6, 2014, subject to customary closing conditions.
J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers for the offering. Simmons & Company International and Tudor, Pickering, Holt & Co. Securities, Inc. are acting as co-managers for the offering. The offering is being made pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. Copies of the prospectus relating to the shares, when available, may be obtained from:
J.P. Morgan via Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Telephone: (866) 803-9204
BofA Merrill Lynch222 BroadwayNew York, New York 10038Attention: Prospectus DepartmentEmail:
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus supplement and accompanying base prospectus, which is part of a shelf registration statement that became effective on September 20, 2013.