Oil States uses borrowings under revolver to fund Tempress acquisition

By Tali David

Minneapolis, Dec. 17 - Oil States International, Inc. used amounts available under its existing U.S. revolving credit facility to fund its acquisition of the San Antonio assets of Tempress Technologies, Inc., according to a press release.

The total transaction consideration was $52.5 million.

Oil States is a Houston-based diversified oilfield services company.

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