THE WOODLANDS, Texas, May 18, 2016 /PRNewswire/ -- TETRA Technologies, Inc. (NYSE:TTI) (the "Company" or "TETRA") today announced an extension of its previously announced tender offer to purchase any and all of its outstanding 5.09% Senior Notes, Series 2010-A, due December 15, 2017 (PPN 88162F B#1) and its 5.67% Senior Notes, Series 2010-B, due December 15, 2020 (PPN 88162F C*4) (collectively, the "Notes"). The tender offer, as so extended, will now expire immediately after 11:59 p.m., Eastern Time, on Thursday, June 2, 2016, unless the Company terminates the tender offer earlier or extends the tender offer further.
As of 5:00 p.m., Eastern Time today, the Company had received valid tenders of $46,944,444 aggregate principal amount of the Notes. This represents approximately 72.2% of the outstanding principal amount of the Notes.
Subject to applicable law, the Company may terminate the tender offer at any time prior to its expiration in the Company's sole discretion.
This press release does not constitute an offer to purchase, or the solicitation of an offer to sell, any securities, and there will be no purchase of any securities in any state in which such an offer, solicitation, or purchase would be unlawful prior to the registration or qualification of such securities under the securities laws of any such state. The tender offer is being made only by means of the offer to purchase and related documents. The tender offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
TETRA is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services including well plugging and abandonment, decommissioning, and diving. TETRA owns an equity interest, including all of the general partner interest, in CSI Compressco LP (NASDAQ:CCLP), a master limited partnership.
SOURCE TETRA Technologies, Inc.