{"id":934365,"date":"2026-02-04T17:30:25","date_gmt":"2026-02-04T22:30:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fet-extends-credit-facility-maturity-to-february-2031\/"},"modified":"2026-02-04T17:30:25","modified_gmt":"2026-02-04T22:30:25","slug":"fet-extends-credit-facility-maturity-to-february-2031","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fet-extends-credit-facility-maturity-to-february-2031\/","title":{"rendered":"FET Extends Credit Facility Maturity to February 2031"},"content":{"rendered":"

<\/p>\n

FET Extends Credit Facility Maturity to February 2031<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nForum Energy Technologies, Inc. (NYSE: FET) announced today it has entered into an amendment to its senior secured asset-based lending credit facility (\u201cCredit Facility\u201d). Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., and Bank of America, N.A., acted as joint lead arrangers and joint book runners. Wells Fargo Bank, National Association, will continue to act as the administrative agent.<\/p>\n

\nLyle Williams, Executive Vice President and Chief Financial Officer, remarked, \u201cThis amendment further strengthens FET\u2019s balance sheet, and we appreciate our bank group\u2019s support. The Credit Facility commitments of $250 million provide significant flexibility for FET to fund strategic initiatives, including long-term debt retirement, organic investments and acquisition opportunities. We are focused on our pursuit of realizing FET 2030.\u201d<\/p>\n

\nThe amendment\u2019s key elements include: (i) the maturity has been extended, subject to certain exceptions, to February 2031; (ii) the total amount of letters of credit that may be issued was increased to $110 million; and (iii) interest rates on borrowings outstanding were modified to an excess availability-based structure with improved pricing. The full text of the amended Credit Facility will be filed with the U.S. Securities and Exchange Commission on a Current Report on Form 8-K.<\/p>\n

FET is a global manufacturing company, serving the oil, natural gas, defense, and renewable energy industries. With headquarters in Houston, Texas, FET provides value added solutions aimed at improving the safety, efficiency, and environmental impact of our customers\u2019 operations. For more information, please visit www.f-e-t.com<\/a><\/span>.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260204197368\/en\/<\/a><\/span><\/p>\n

Company Contact
\n<\/b>
Rob Kukla
\n
Director Investor Relations
\n
281.994.3763
\n
Rob.Kukla@f-e-t.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Alternative Energy Manufacturing Other Manufacturing Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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FET Extends Credit Facility Maturity to February 2031 HOUSTON–(BUSINESS WIRE)– Forum Energy Technologies, Inc. (NYSE: FET) announced today it has entered into an amendment to its senior secured asset-based lending credit facility (\u201cCredit Facility\u201d). Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., and Bank of America, N.A., acted as joint lead arrangers and joint book runners. Wells Fargo Bank, National Association, will continue to act as the administrative agent. Lyle Williams, Executive Vice President and Chief Financial Officer, remarked, \u201cThis amendment further strengthens FET\u2019s balance sheet, and we appreciate our bank group\u2019s support. The Credit Facility commitments of $250 million provide significant flexibility for FET to fund strategic initiatives, including long-term debt retirement, organic investments and acquisition opportunities. We … <\/p>\n

Continue reading “FET Extends Credit Facility Maturity to February 2031”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-934365","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFET Extends Credit Facility Maturity to February 2031 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fet-extends-credit-facility-maturity-to-february-2031\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FET Extends Credit Facility Maturity to February 2031 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FET Extends Credit Facility Maturity to February 2031 HOUSTON–(BUSINESS WIRE)– Forum Energy Technologies, Inc. (NYSE: FET) announced today it has entered into an amendment to its senior secured asset-based lending credit facility (\u201cCredit Facility\u201d). Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., and Bank of America, N.A., acted as joint lead arrangers and joint book runners. Wells Fargo Bank, National Association, will continue to act as the administrative agent. Lyle Williams, Executive Vice President and Chief Financial Officer, remarked, \u201cThis amendment further strengthens FET\u2019s balance sheet, and we appreciate our bank group\u2019s support. The Credit Facility commitments of $250 million provide significant flexibility for FET to fund strategic initiatives, including long-term debt retirement, organic investments and acquisition opportunities. 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