The settlement date for the Notes accepted for purchase is expected to occur on (the " Early Settlement Date"). The Company intends to accept all such Notes without proration. The terms and conditions of the Tender Offer and the Consent Solicitation, as set forth in an Offer to Purchase and Consent Solicitation (the “ Statement”), dated April 20, 2022, otherwise remain unchanged.Īs of the Early Tender Time, $430,187,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn. The Company further announced that it has increased the maximum aggregate principal amount of Notes to be accepted in the Tender Offer (the “ Maximum Tender Amount”) from $320,000,000 to $430,187,000. The Proposed Amendments will, among other things, eliminate substantially all of the restrictive covenants and certain events of default triggers in the indenture. TechnipFMC plc (NYSE: FTI) (the “ Company”) announced today the results as of 5:00 p.m., New York City time, on (the “ Early Tender Time”) of its previously announced tender offer (the “ Tender Offer”) to purchase, subject to certain terms and conditions, its 6.500% Senior Notes due 2026 (the “ Notes”) and the related solicitation of consents (the “ Consents”) of holders with respect to the Notes (the “ Consent Solicitation”) to certain proposed amendments (the “ Proposed Amendments”) to the indenture governing the Notes. "We remain proud of our dedicated Guyanese employees and are committed to the continued development and expansion of local capabilities.NEWCASTLE & HOUSTON-(BUSINESS WIRE)-May 3, 2022- Regulatory News: Jonathan Landes, president of subsea at TechnipFMC, said: " The Gas to Energy Project is another example of how we are helping deliver the energy the world needs, and we are thrilled to be supporting another project in Guyana. Following the award, the company expects to hire and train additional local staff. TechnipFMC currently has more than 85 Guyanese employees on its books. Destiny has been active since Liza's launch and can handle another 170mn ft 3/d of wet gas, plus 120,000 b/d of crude. Unity arrived on stream in February 2022, with a designed throughput capacity for 220,000 barrels of oil/day, and 400mn ft 3/d of associated gas. It currently pumps crude and associated gas into two FPSO vessels, the Liza Unity and Liza Destiny. Launched in early 2020, Liza is a deepwater oil project in Stabroek block, situated around 190km off the Guyanese coast. A pre-qualification tender was held for the project in January, attracting 12 bids from local, regional and international firms, according to local media. Esso's infrastructure will condition the wet gas and separate liquid hydrocarbons, with five days of energy storage to be provided. Hermitage's new power plant will process up to 60,000 ft 3/d of NGLs initially, rising to 120,000 ft 3/d as part of an envisaged second phase. Esso's Gas-to-Energy project is part of a Guyanese drive to bring gas-derived power output to above 200MW, aimed at reducing emissions and slashing electricity bills by more than half. Under current plans, Esso would launch the new infrastructure by 2024, Guyanese president Mohamed Irfaan Ali said on June 30.
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