---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-115363"
form_type: "8-K"
ticker: "FTI"
cik: "0001681459"
company_name: "TechnipFMC plc"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:26:49.665317+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TechnipFMC ups revolver to $1.25B, adds $500M LC facility

## Summary
- Amended credit facility increases commitments from $1.0B to $1.25B; maturity extended to five years from April 2023.
- New $500M senior secured performance letters of credit facility, expandable to $1.0B, to support contracting activities.
- TechnipFMC Finance Limited added as a borrower under the revolver.
- Collateral and guarantees to be automatically released upon achieving investment grade debt ratings from two of three rating agencies.
- Applicable margin on USD loans ranges from 1.50% to 2.50%; EUR/GBP loans from 2.50% to 3.50%, based on leverage.

## SEC filing metadata
- accession: 0001193125-23-115363
- form_type: 8-K
- ticker: FTI
- cik: 0001681459
- company_name: TechnipFMC plc
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681459/000119312523115363/0001193125-23-115363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681459/000119312523115363/d482183d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-115363
- JSON: https://secwatch.observer/filing/0001193125-23-115363.json
- Plain text: https://secwatch.observer/filing/0001193125-23-115363.txt

## Key facts
- Debt Financings
  TechnipFMC plc amended revolving credit of $1,250,000,000 at applicable margin for borrowings under the revolving credit facility ranges from maturing five years from the date of the Amendment No. 5.
  - Instrument: revolving credit
  - Principal: $1,250,000,000
  - Rate: applicable margin for borrowings under the revolving credit facility ranges from
  - Maturity: five years from the date of the Amendment No. 5
  - Event: amendment
  source text: The Amendment No. 5 increases the commitments available to the Company under the Credit Agreement to $1,250,000,000 and extends the term of the Credit Agreement to five years from the date of the Amendment No. 5.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681459/000119312523115363/0001193125-23-115363-index.htm
- Debt Financings
  TechnipFMC plc incurred credit facility of $500,000,000 maturing five-year.
  - Instrument: credit facility
  - Principal: $500,000,000
  - Maturity: five-year
  - Event: incurrence
  source text: On April 24, 2023, the Company entered into a new $500,000,000 five-year senior secured performance letters of credit facility (the “Performance LC Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681459/000119312523115363/0001193125-23-115363-index.htm
- Material Agreements
  TechnipFMC plc entered into Performance LC Credit Agreement valued at $500,000,000 (effective 2023-04-24).
  - Action: entry
  - Agreement: credit facility
  - Value: $500,000,000
  - Effective: 2023-04-24
  source text: On April 24, 2023, the Company entered into a new $500,000,000 five-year senior secured performance letters of credit facility (the “Performance LC Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681459/000119312523115363/0001193125-23-115363-index.htm
- Material Agreements
  TechnipFMC plc amended Amendment No. 5 valued at $1,250,000,000 (effective 2023-04-24).
  - Action: amendment
  - Agreement: credit facility
  - Value: $1,250,000,000
  - Effective: 2023-04-24
  source text: On April 24, 2023, TechnipFMC plc (the “Company”) entered into a fifth amendment (the “Amendment No. 5”) to its credit agreement dated February 16, 2021 (as amended from time to time) providing for a senior secured multicurrency revolving credit facility (the “Existing Credit Facility” and as amended, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681459/000119312523115363/0001193125-23-115363-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.