secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001401257-23-000039
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125723000039/0001401257-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125723000039/fet-20230401.htm
  HTML page:      https://secwatch.observer/filing/0001401257-23-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer