FORUM ENERGY TECHNOLOGIES, INC. 8-K

What Happened
Forum Energy Technologies, Inc. announced on Feb. 4, 2026 that it entered into an amendment to its Third Amended and Restated Credit Agreement (originally dated Oct. 30, 2017). The amendment, subject to customary conditions precedent, extends the scheduled maturity date from Sept. 8, 2028 to Feb. 4, 2031, revises the interest margin over SOFR, and increases the U.S. letter of credit sublimit. The amendment is between Forum (and certain subsidiaries) and Wells Fargo Bank, N.A., as administrative agent, and is attached to the 8-K as Exhibit 10.1.

Key Details

• Amendment date: February 4, 2026; 8-K filed Feb. 5, 2026.
• Maturity extended from September 8, 2028 to February 4, 2031.
• Interest margin over SOFR changed from a 2.25%–2.75% range (based on total net leverage) to a 2.00%–2.50% range (based on excess availability).
• U.S. letter of credit sublimit increased from $70 million to $100 million; Canadian LC sublimit remains $10 million.

Why It Matters
The amendment pushes out the company's debt maturity profile, reducing near-term refinancing pressure and potentially improving liquidity planning. The lower SOFR margin range can reduce financing cost when availability conditions are met, while the larger U.S. letter of credit capacity gives Forum greater contingency funding flexibility. Investors should note the changes are conditioned on satisfaction of the amendment’s prerequisites and that the filing also references the creation/modification of direct financial obligations tied to the amended credit facility.