Forum Energy Technologies Inc.

02/05/2026 | Press release | Distributed by Public on 02/05/2026 16:05

Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.
On February 4, 2026, Forum Energy Technologies, Inc. ("Forum") entered into an amendment (the "Credit Agreement Amendment") to the Third Amended and Restated Credit Agreement, dated as of October 30, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified, the "Credit Agreement"), among Forum, as borrower, the other borrowers party thereto, the guarantors party thereto, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto.
Pursuant to the Credit Agreement Amendment, the Credit Agreement will, upon satisfaction of conditions precedent specified therein, be modified to, among other changes, (i) extend the scheduled maturity date from September 8, 2028 to February 4, 2031, (ii) revise the interest rate margin over SOFR applicable to outstanding loans, previously ranging from 2.25% to 2.75% determined based on Forum's total net leverage ratio, to instead range from 2.00% to 2.50%, determined based on excess availability under the Credit Agreement and (iii) increase the U.S. letter of credit sublimit from $70 million to $100 million. The Canadian letter of credit sublimit remains at $10 million.
The foregoing description of the Credit Agreement Amendment is a summary only and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
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