---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-23-000039"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T06:52:40.891170+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Forum Energy Technologies amends credit agreement; replaces LIBOR with SOFR, boosts LC sublimit to $70M

## Summary
- Credit Agreement Amendment dated April 1, 2023 entered with lenders and Wells Fargo as agent.
- USD borrowing benchmark amended from LIBOR to SOFR.
- Domestic letter of credit sublimit raised from $45M to $70M.
- General Permitted Dispositions basket cap reset under the amendment.

## SEC filing metadata
- accession: 0001401257-23-000039
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000039/0001401257-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000039/fet-20230401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-23-000039
- JSON: https://secwatch.observer/filing/0001401257-23-000039.json
- Plain text: https://secwatch.observer/filing/0001401257-23-000039.txt

## Key facts
- Material Agreements
  FORUM ENERGY TECHNOLOGIES, INC. amended Credit Agreement Amendment with Wells Fargo Bank, National Association valued at Amendment to Third Amended and Restated Credit Agreement; letter of credit sublimit increased from $ (effective 2023-04-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: Amendment to Third Amended and Restated Credit Agreement; letter of credit sublimit increased from $
  - Effective: 2023-04-01
  source text: On April 1, 2023, Forum Energy Technologies, Inc. (the “ Company ”) entered into an amendment (the “ Credit Agreement Amendment ”) to the Third Amended and Restated Credit Agreement, dated as of October 30, 2017 (as amended and supplemented, the “ Credit Agreement ”), among the Company, as borrower, the other borrowers party thereto, the guarantors party thereto, the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and the other parties named therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000039/0001401257-23-000039-index.htm

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