Forum Energy to redeem $60M of 9% Convertible Notes; Q2 cash flow prelim $23-25M

FORUM ENERGY TECHNOLOGIES, INC.

Redemption of $60M aggregate principal of 9.00% Convertible Senior Secured Notes due 2025 at par on Aug 16, 2024.
Q2 2024 preliminary cash flows from operations expected between $23M and $25M.
Repurchased approx $13M of the 2025 Notes at a discount during Q2.
CEO says after redemption, >50% of outstanding 2025 Notes principal retired; expects to repay remainder in 2025.

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