The facilities include a $1,300 million Term Loan B, the proceeds of which will be used to refinance the entire outstanding amount of the 8.50% Senior Secured Notes due 2016 issued by Expro Finance Luxembourg S.C.A, and a portion of the Company’s existing mezzanine facilities. Closing will be on or around 2 September 2014.
The Company has also refinanced its existing $160 million revolving credit facility with a new $250 million senior secured revolving credit facility, which will be pari passu with the new Term Loan B.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any investments, and shall not constitute an offer, solicitation or sale 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 state or country.
This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
For further information please contact:
Expro Holdings UK 3 Limited
Jean Vernet, Chief Financial Officer
Russell James, Group Corporate Treasurer