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| Prospect News home > News index > List of issuers T > Headlines for Tetra Technologies, Inc. > News item |
Tetra Technologies holders tender all $65 million 5.09%, 5.67% notes
New York, June 3 – Tetra Technologies, Inc. said it received tenders for all of its outstanding 5.09% senior notes, series 2010-A, due Dec. 15, 2017 and 5.67% senior notes, series 2010-B, due Dec. 15, 2020.
By the expiration of the offer at 11:59 p.m. ET on June 2, 100% of the $65 million of notes had been tendered, according to a news release.
The company previously announced on May 25 that it had received tenders for all of its $35 million of outstanding 4% senior notes due April 29, 2020.
That offer expired at 11:59 p.m., ET, on May 24.
All the tenders were launched on April 26.
The company will pay $100,000 per $100,000 principal amount of notes plus accrued interest up to but excluding the payment date for all series of the notes.
The 4% notes were issued in a private placement in April 2013. The 5.09% notes and 5.67% notes were issued in a private placement in September 2010.
Tetra is a diversified oil and gas services company based in the Woodlands, Texas.
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