UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 9, 2014
Oil States International, Inc.
(Exact name of registrant as specified in its charter)
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Delaware |
1-16337 |
76-0476605 |
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(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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Three Allen Center |
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333 Clay Street, Suite 4620, Houston, Texas |
77002 | |
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(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (713) 652-0582
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4©)
Item 8.01 Other Events.
On June 9, 2014, Oil States International, Inc. (the “Company”) issued a press release announcing that it had redeemed the remaining $103,931,000, or 17.32%, of its original $600 million 6.5% Senior Notes due 2019 (the “2019 Notes”) and the remaining $150,000, or 0.04%, of its original $366 million 5.125% Senior Notes due 2023 (the “2023 Notes”). For each $1,000 principal amount of the 2019 Notes, the redemption price was $1,050.19 in cash, including accrued and unpaid interest, up to, but excluding, the redemption date of June 9, 2014. For each $1,000 principal amount of the 2023 Notes, the redemption price was $1,166.84 in cash, including accrued and unpaid interest, up to, but excluding, the redemption date of June 9, 2014. The Company funded the redemption through borrowings under its revolving credit facility and available cash on hand. A copy of the press release issued by Oil States on June 9, 2014 announcing that Oil States had redeemed the remaining $103,931,000, or 17.32%, of its 2019 Notes and the remaining $150,000, or 0.04%, of its 2023 Notes is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. See “Exhibit Index” attached to this Current Report on Form 8-K, which is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Oil States International, Inc. |
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/s/ Robert W. Hampton |
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Name: |
Robert W. Hampton |
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Title: |
Senior Vice President, Accounting and Corporate Secretary |
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Date: June 9, 2014
EXHIBIT INDEX
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Exhibit No. |
Description |
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99.1 |
Press Release, dated June 9, 2014. |
Exhibit 99.1
June 9, 2014
Press Release
SOURCE: Oil States International, Inc.
Oil States International, Inc. Announces Redemption of Remaining 6.5% Notes Due 2019 and Remaining 5.125% Notes Due 2023
HOUSTON, Texas, June 9, 2014 (GLOBE NEWSWIRE) – Oil States International, Inc. (NYSE: OIS) announced today that it has redeemed the remaining $103,931,000, or 17.32%, of the original $600 million aggregate principal amount of its outstanding 6.5% Senior Notes due 2019 (the “2019 Notes”) and the remaining $150,000, or 0.04%, of the original $366 million aggregate principal amount of its outstanding 5.125% Senior Notes due 2023 (the “2023 Notes”). For each $1,000 principal amount of the 2019 Notes, the redemption price was $1,050.19 in cash, plus accrued and unpaid interest, up to, but excluding, the redemption date of June 9, 2014. For each $1,000 principal amount of the 2023 Notes, the redemption price was $1,166.84 in cash, plus accrued and unpaid interest, up to, but excluding, the redemption date of June 9, 2014. The other $496,069,000, or 82.68%, of the 2019 Notes, and $365,850,000, or 99.96% of the 2023 Notes, were repurchased pursuant to Oil States’ previously announced tender offer, which expired on June 6, 2014. Oil States funded the redemption through borrowings under its revolving credit facility and available cash on hand.
About Oil States
Oil States International, Inc. is an oilfield services company with a leading market position as a manufacturer of products for deepwater production facilities and certain drilling equipment, as well as a provider of completion services and land drilling services to the oil and gas industry. Oil States is publicly traded on the NYSE under the symbol "OIS".
For more information on the Company, please visit Oil States International's website at http://www.oilstatesintl.com.
Forward Looking Statements
The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included therein are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry and other factors discussed in the "Business" and "Risk Factors" sections of the Form 10-K for the year ended December 31, 2013 filed by Oil States with the Securities and Exchange Commission on February 25, 2014.
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CONTACT: |
Lloyd A. Hajdik
Senior Vice President and Chief Financial Officer
(713) 652-0582 |
Patricia Gil
Oil States International, Inc.
Investor Relations
(713) 470-4860