THE WOODLANDS, Texas,
June 3, 2016 /PRNewswire/ -- TETRA
Technologies, Inc. (NYSE:TTI) (the "Company" or "TETRA")
today announced the completion of its previously announced cash
tender offer (the "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) (the "2010-A
Notes") and its 5.67% Senior Notes, Series 2010-B, due
December 15, 2020 (PPN 88162F C*4) (the "2010-B Notes"
and collectively with the 2010-A Notes, the "Notes"). The Tender
Offer expired immediately after 11:59 p.m., Eastern Time, on
Thursday, June 2, 2016 (the "Expiration Time").
By the Expiration Time, TETRA received Notes validly tendered
(and not validly withdrawn) in an aggregate principal amount of
$65,000,000, representing the total
outstanding amount of the Notes. The Company has purchased
the $65,000,000 aggregate principal
amount of the Notes in accordance with the terms of the Tender
Offer.
The Company has paid total consideration of $100,000 per $100,000 principal amount of the tendered Notes,
plus accrued and unpaid interest from the last interest payment
date to, but not including, the payment date.
About TETRA
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.
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SOURCE TETRA Technologies, Inc.