---
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"
generated_at: "2026-05-30T01:41:38.351083+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FET closes $100M 10.5% senior secured bond offering to redeem 2025 notes and Variperm term loan

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-24-000137
- JSON: https://secwatch.observer/filing/0001401257-24-000137.json
- Plain text: https://secwatch.observer/filing/0001401257-24-000137.txt

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