FTS International to launch $550 million term loan B on Thursday

By Sara Rosenberg

New York, April 1 - FTS International Inc. will hold a bank meeting at 11 a.m. ET in New York on Thursday to launch a $550 million covenant-light term loan B, according to sources.

Wells Fargo Securities LLC, Bank of America Merrill Lynch and UBS Securities LLC are the lead banks on the deal.

Proceeds will be used to refinance an existing term loan.

FTS International is a Fort Worth, Texas-based provider of well completion services, including pressure pumping, wireline and water management, for the oil and gas industry.

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