debt
confidence high
sentiment neutral
materiality 0.50
TechnipFMC removes restrictive covenants from 6.5% 2026 notes ($202.9M outstanding)
TechnipFMC plc
- Entered second supplemental indenture to remove substantially all restrictive covenants and eliminate certain events of default.
- Affects $202,892,000 aggregate principal of 6.500% Senior Notes due 2026.
- The indenture originally dated Jan 29, 2021, as amended Feb 16, 2021.
- U.S. Bank Trust Company remains trustee.