{"schema_version":"secwatch.filing_event.v1","accession":"0001401257-24-000137","form_type":"8-K","ticker":"FET","cik":"0001401257","company_name":"FORUM ENERGY TECHNOLOGIES, INC.","filed_at":"2024-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.347756+00:00","generated_at":"2026-05-30T01:41:38.351083+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"FET closes $100M 10.5% senior secured bond offering to redeem 2025 notes and Variperm term loan","bullets":["$100M aggregate principal, 10.5% coupon, due Nov 2029, issued at par.","Net proceeds (~$96M) plus cash used to repay Variperm seller term loan and redeem all outstanding 9% convertible notes due 2025.","Bonds have financial covenants: max leverage 4.0x, min liquidity $25M, with equity cure rights.","CEO Neal Lux says offering fortifies balance sheet and provides flexibility for M&A and share repurchases.","Application will be made to list bonds on Nordic ABM or other exchange."],"urls":{"canonical":"https://secwatch.observer/filing/0001401257-24-000137","json":"https://secwatch.observer/filing/0001401257-24-000137.json","markdown":"https://secwatch.observer/filing/0001401257-24-000137.md","text":"https://secwatch.observer/filing/0001401257-24-000137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1401257/000140125724000137/0001401257-24-000137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1401257/000140125724000137/fet-20241108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T01:41:38.351083+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}