Drilling Tools International Corp: engages bank for Nordic bond investor meetings

What happened

• On Oct 13, 2026 the filing reports that Drilling Tools International Holdings, Inc. (the “Issuer”), a wholly owned subsidiary of Drilling Tools International Corp, engaged a Norwegian investment bank to arrange a series of fixed income investor meetings in the Nordic market, commencing Oct 14, 2026.
• The filing states a U.S. dollar denominated senior secured bond issue by the Issuer (the “Contemplated Bond Issue”) may follow, subject to market conditions, and that the Company intends to use net proceeds to partially finance the previously announced acquisition of Saltire Energy Limited, to repay the Company’s existing term loan in full and a portion of its existing asset-based revolving credit facility, and for general corporate purposes.

Key details

• Meetings commence Oct 14, 2026; engagement announced Oct 13, 2026.
• Intended uses of proceeds: partially finance acquisition of Saltire Energy Limited; repay existing term loan in full; repay a portion of existing asset-based revolving credit facility; general corporate purposes.
• Bonds, if issued, would be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A and to non-U.S. persons in offshore transactions in reliance on Regulation S; the bonds will not be registered under the Securities Act.
• The Current Report is filed pursuant to Rule 135c and states it does not constitute an offer to sell or solicitation to buy the bonds.

Why it may matter

• This report was filed under Item 8.01 (Other Events), which covers other corporate events the company reports, and it discloses the engagement to market a contemplated bond issuance and the proposed uses of proceeds. The filing also includes customary forward-looking statement cautions and notes that the Contemplated Bond Issue may not be completed on the anticipated terms or at all. The filing does not show why the insider traded or why the company acted.