November 22, 2014 5:37 AM ET

Energy Equipment and Services

Company Overview of FTS International, Inc.

Company Overview

FTS International, Inc., through its subsidiaries, provides oil and natural gas well stimulation services to the exploration and production companies operating in the United States. It offers high-pressure hydraulic fracturing services. The company primarily focuses on the unconventional oil and natural gas formations in the Eagle Ford Shale, the Marcellus/Utica Shale, the Haynesville Shale, the Permian Basin, the Barnett Shale, Western Oklahoma; and the Bakken Shale. It operates 34 hydraulic fracturing fleets with approximately 1,584,500 horsepower in the aggregate. FTS International, Inc. was formerly known as FTS International, LLC. FTS International, Inc. is based in Cisco, Texas.

301 East 18th Street

Cisco, TX 76437

United States

3,900 Employees

Phone:

817-850-1008

Fax:

817-850-1019

Key Executives for FTS International, Inc.

Chief Executive Officer and Director
Age: 50
President and Chief Operating Officer
Age: 53
Senior Vice President of Finance and Treasurer
Age: 44
Vice President and General Counsel
Age: 59
Senior Vice President of Operations
Age: 62
Compensation as of Fiscal Year 2014.

FTS International, Inc. Key Developments

FTS International Appoints Perry Harris to its Wireline Division

FTS International announced that it has signed a definitive agreement to acquire J-W Wireline Company. J-W Wireline's current President, Perry Harris, will lead the expanded FTSI wireline division. Mr. Harris brings more than 30 years of senior management experience in the oil and gas industry.

FTS International, Inc. Announces Pricing of $500 Million of Senior Secured Notes

FTS International, Inc. announced that it has priced its offering of $500 million of 6.25% senior secured notes due 2022 in a private transaction that is exempt from the registration requirements of the Securities Act of 1933. The offering of notes is expected to be completed on April 16, 2014, subject to customary closing conditions. The proceeds from the offering will be used, together with the proceeds of the company's $550 million new term loan credit facility, to refinance the company's existing indebtedness and to pay related fees and expenses. The obligations under the notes will be secured by equity and the current assets of the company's material domestic subsidiaries. The notes have not been registered under the Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption there from. The notes will be offered and sold only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

FTS International, Inc. Announces Offering of $500 Million of Senior Secured Notes

FTS International, Inc. announced that it plans to offer $500 million of senior secured notes due 2022 in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The terms, pricing and consummation of the offering of the notes are subject to market and other conditions. The proceeds from the offering will be used, together with the proceeds of FTSI's previously-announced new term loan credit facility, to refinance FTSI's existing indebtedness and to pay related fees and expenses. The obligations under the notes will be secured by equity and the current assets of FTSI's material domestic subsidiaries. The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption there from. The notes will be offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 3, 2014
J-W Wireline Company
 

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