Notes accepted for payment on any settlement date will be accepted in accordance with the priority of acceptance set forth in the table above (with 1 being the highest priority of acceptance level and 4 being the lowest priority of acceptance level), provided that the Company will only accept for purchase Notes up to the Maximum Tender Amount and the Company will only accept for purchase 2025 Notes up to a maximum aggregate principal amount of $50,000,000 (or euro equivalent) (the “ 2025 Notes Cap”). Payment for 2025 Notes and 2026 Notes validly tendered and accepted for purchase after the Early Tender Time and at or prior to the Expiration Date will be made promptly after the Expiration Time. Payment for all Notes validly tendered at or prior to the Early Tender Time or the 2023 Notes Offer Expiration Time, as applicable, and accepted for purchase will be made on the “ Early Settlement Date”, which will be promptly after the Early Tender Time and is anticipated to occur on or about December 6, 2021.
#TECHNIPFMC TENDER MANAGER SERIES#
In addition to the Total Consideration or Tender Offer Consideration, as applicable, Holders whose Notes are accepted for purchase will also receive accrued and unpaid interest from the last interest payment date for Notes of the applicable series to, but not including, the applicable settlement date. Holders of 2025 Notes and 2026 Notes who validly tender their Notes after the Early Tender Time will only be eligible to receive the “ Tender Offer Consideration,” which is the Total Consideration less the “ Early Tender Premium”.
No tenders of 2023 Notes will be accepted after the 2023 Notes Offer Expiration Time whether or not the Maximum Tender Amount is exceeded. Holders of such Notes who validly tender and do not validly withdraw their Notes at or prior to 4:00 P.M., Paris time, on December 2, 2021, and whose Notes are accepted for purchase, will receive the payment for such series of Notes as indicated in the table above. For the 2023 Notes, the Tender Offer will expire at 4:00 P.M., Paris time, on Decem(in respect of such Notes, the “ 2023 Notes Offer Expiration Time”), unless extended or earlier terminated. Holders of such Notes who validly tender and do not validly withdraw their Notes at or prior to 5:00 P.M., New York City time, on Decem(the “ Early Tender Time”), and whose Notes are accepted for purchase, will receive the payment for such series of Notes as indicated in the table above. Holders of 2023 Notes must tender their 2023 Notes by the 2023 Notes Offer Expiration Time to be eligible to receive the Total Consideration.įor the 2025 Notes and the 2026 Notes, the Tender Offer will expire at 11:59 P.M., New York City time, on Decem(in respect of such Notes, the “ Expiration Time”), unless extended or earlier terminated. Purchases of the 2023 Notes and the 2025 Notes will be made in minimum denominations of €100,000.00.įor applicable series, includes the Early Tender Premium for Notes validly tendered at or prior to the Early Tender Time and accepted for purchase by the Company. For the avoidance of doubt, the foregoing presentation is illustrative. Excludes accrued interest, which will be paid on Notes accepted for purchase by us as described herein. Per $1,000.00/€1,000.00 principal amount of Notes validly tendered and accepted for purchase by us.
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