raybet电竞竞猜appExpro和Frank将结合创建领先的全循环服务提供商

2021年3月11日

raybet电竞竞猜appExpro和Frank将结合创建领先的全循环服务提供商

引人注目的全球能源服务领导者具有高度互补的能力雷竞技app官网是什么

股东将从股票换股票交易中受益,由于更多样化的盈利基础,允许参与复苏上行和整个周期的弹性

交易带来了改善的盈利能力和自由现金流量,估计年度成本协同效应为7000万美元

组合促进更快,互惠互惠的增长,包括未来的技术的额外投资范围

强大的Pro Forma财务简介,没有债务,约2.85亿美元的现金

公司今天下午1:30主办电话会议电话/ 7:30 AM CT

读书,英国和休斯顿,德克萨斯州, - 3月11日,2021年 -Expro Group, a privately-held international energy services company with market leadership in well access and well flow optimization, and Frank’s International (NYSE: FI), a global oil services company that provides a broad range of highly engineered drilling and completions solutions and services, today announced a definitive agreement under which the companies will combine in an all-stock transaction. Upon the closing of the transaction, Expro shareholders will own approximately 65% of the combined entity, with Frank’s shareholders owning approximately 35%.

该组合汇集了两家公司的市场领先地位,可达级别的安全和服务质量绩效,卓越的人才和全球能力,良好的建设,流量管理,海底访问,井干预和生产服务。雷竞技app官网是什么凭借广泛的互补,高度专业化的设备和服务,该公司将为客户提供具有成本效益,井生命周期的创新解决方案,驾驶稳定,多样化的收入混合。合并的公司将拥有强大的债务资产负债表,强大的订单积压,超过10亿美元的Pro Forma年度收入以及通过自由循环现金流量和增长产生的能力。

“这笔交易将两位成立的行业参与者联合在井生命周期中创建具有广泛的能力组合,”Expro首席执行官Mike Jardon说。雷竞技app官网是什么raybet电竞竞猜app“在一起,Expro和raybet电竞竞猜appFrank将更好地支持世界各地的客户并导航行业周期性。该业务组合还允许我们利用设施和其他支持成本,优化业务流程,利用有利可图的增长机会,为两家公司的股东创造价值,特别是作为国际项目的环境继续改善。“

怡原先生继续,“我们预计公司的规模,无债务资产负债表和现金流动前景将使我们能够加速增长。这将通过增强能力提供集成客户解决方案的能力和增加数字化,自治操作和其他技术的投资。EXPRO和Frank的结合还使我们能raybet电竞竞猜app够推动我们对较低的碳未来的承诺,这是通过我们的目标基础,以最大限度地提高效率,改善我们的产品和服务,以帮助公司及其客户降低排放。最后,这笔交易将联合在行业中的两个总体团队,更好地让我们吸引,保留和发展最好的员工。我们期待着与我们的企业和团队的优势相结合,以便为公司提供安全,可靠,经济高效的解决方案和最典型的服务质量的公司,以便为EXPRO和Frank的许多客户提供安全,可靠和经济高效的解决方案。“raybet电竞竞猜app

“raybet电竞竞猜appexpro和弗兰克的股票互补文化,价值观和能力 - 所有这些都支持客户和员工的顺利整合,”弗兰克的总统兼首席执行官迈克·卡卡尼说。“在进行彻底的过程后,考虑一系列战略替代方案,我们相信这笔交易为弗兰克股东提供了一个引人注目的机会,使富国重点增长导致的价值创作受益。该组合带来了规模,提高了盈利能力和自由现金流,以及我们将更好地定位我们在早期阶段的行业恢复。我们为弗兰克的历史和坦率的才华横溢的人感到非常自豪,帮助自己的伟大公司。我们希望这种组合为许多员工创造职业发展和进步机会,作为更加平衡和更强的联合组织的一部分。“

创造价值的多种途径

  • 跨越井生命周期提供的广泛供应通过循环弹性和更好地捕获循环恢复的能力:联合公司的扩展产品产品将使它能够在油田周期上表现良好 - 产生强大和稳定的现金流量 - 并将其定位在恢复驱动的颠倒性上。合并的公司将提供均衡的服务和解决方案组合,以满足客户需求,涵盖陆上和海上市场的良好建筑,完成,生产优化和检展机构。其各种收入流由全球操作占地面积和蓝筹客户群提供支持。共同,埃普拉夫和弗兰raybet电竞竞猜app克将从客户生产优化努力中产生大约三分之一的公司收入。2020年12月31日,EXPRO的积压约为raybet电竞竞猜app10亿美元。
  • 在包括关键国际市场在内的各个地区建立良好的生命周期领导地位:合并后的公司将在油井生命周期和客户支出方面的大型潜在市场占据领先地位,业务遍及全球50多个国家和六大洲,包括世界上最多产的油气盆地。raybet电竞竞猜appExpro在北非、中东和亚洲市场的地位将为弗兰克在这些有吸引力的地区扩大业务提供重要的机会。同样,合并后的公司将利用Frank在整个美洲的钻井和完井服务领域的强大地位,为客户提供综合解决方案。
  • 强大的技术和创新管道,以援助可持续发展目标字体两家公司都致力于继续发展技术,以推动增强可持续性,并使合并后的公司能够利用数字化、自动化和低碳未来的行业趋势。合并后的公司将继续致力于到2030年实现碳强度降低50%,二氧化碳净零排放2到2050年,保护环境,同时提供核心产品和服务,帮助世界各地的人们负担得起能源,并优化参与能源转型。

强大的资产负债表和协同效应带来了很大程度的运营灵活性和战略选择

  • 显着和可实现的协同作用:合并后的公司的目标是在头12个月内实现每年约5500万美元的运行速度成本协同效益,在36个月内每年节约成本高达7000万美元。通过互补的客户关系和运营足迹、更早地了解客户需求、增加钻机使用时间和更大的油田全生命周期,两家公司还发现了显著的增长机遇。
  • 协同效应前的强资产负债表和现金流量:合并的公司将有一个无债务资产负债表和职业债券收入和调整的EBITDA,不包括已识别的协同效应,分别基于2020年12月31日止十二个月的1亿美元和1.07亿美元。在结束时,联合公司预计将拥有约2.85亿美元的现金。为了补充可用的流动性,公司预计将在交易结束前以直接借款和信贷信和信贷信中的直接借款和信贷信函提供联合,该公司将获得高达2.5亿美元的循环信贷额度。

证明领导团队

交易完成后,Expro首席执行官Mike Jardon将成为合并后raybet电竞竞猜app公司的首席执行官,并将成为董事会成员。Frank的董事长、总裁兼首席执行官Mike Kearney将担任合并后公司的董事长。Quinn Fanning将担任合并后公司的首席财务官,新领导团队的其余成员预计将包括两家公司的代表。

除迈克kearney和Mike jardon之外,剩余的公司九会员董事会的剩余部分将包括由Expro和弗兰克的两名董事委任的五名董事。raybet电竞竞猜app

合并后的公司的运营总部将设在德克萨斯州的休斯顿,并将在路易斯安那州的拉法叶、阿伯丁、苏格兰和世界各地的其他关键地点保持重要的运营存在。雷竞技官网欢迎你合并后的公司的主要行政办公室将保留在荷兰。

交易条款

根据协议的条款,这是由两家公司董事会一致批准的,EXPRO股东将获得富勒诺股份的固定汇率为7.272股,每股EXPRO所拥有的每股份额,可能需要在特定情况下进行调整。raybet电竞竞猜app结束交易后,EXPRO股东将拥有约65%的合并实体,弗兰克的股东拥有约35raybet电竞竞猜app%。该交易被构建为免税股份,预计将于截至2021年9月30日的季度季度截至弗兰克及股东批准及习惯性收缩条件,包括所需的监管批准。raybet电竞竞猜app结束后,组合公司将假设EXPRO组名称,并在符号“XPRO”下的纽约证券交易所。raybet电竞竞猜app合并的公司将保留弗兰克的施工解决方案的品牌名称。

莫辛家族在弗兰克董事会的代表一致支持这笔交易。raybet电竞竞猜app拥有约三分之二股权的Expro股东已同意支持这笔交易。

下载交易信息图表

顾问

J.P. Morgan Securities PLC担任财务顾问和吉布森,Dunn&Crutcher LLP担任Expro的法律顾问。raybet电竞竞猜appMoelis&Company担任财务顾问,vinson&Elkins LLP担任弗兰克的法律顾问。

电话会议和网络广播

raybet电竞竞猜appExpro和Frank 's将于今天下午1:30 GMT / CT上午7:30召开电话会议,讨论今天上午的公告。请在美国境外拨打1-(877)883-0383或1-(412)902-6506,并输入密码1813872。由于预计会有大量的听众致电,公司鼓励听众通过网络广播加入,除非他们打算参与电话的问答部分。通过电话参加的人应在预定开始时间前10-15分钟拨打电话。电话会议还将通过互联网现场直播,并可在各公司的网站上访问www.raybet电竞竞猜appexprogroup.comwww.franksinternational.com.

电话会议的网络广播重放将在电话后不久将在每个公司的网站上提供。

下载投资者表示重播网络广播

集团中国成功raybet电竞竞猜app地获得了博览会

对于在整个井生命周期工作的客户来说,Expro是井流优化专家。raybet电竞竞猜app凭借近50年的市场领导,Expro在全球50个国家雇用了大约4,000人。raybet电竞竞猜app该公司将创新技术与高质量的数据相结合,在三种主要功能下提供经济高效的解决方案:测试和评估服务良好;雷竞技app官网是什么海底,完成和干预服务;和生产服务。raybet电竞竞猜appExpro提供不仅是最先进的服务,而且提供了高度准确的服务。www.raybet电竞竞猜appexprogroup.com

关于弗兰克的国际

弗兰克的国际N.v.是一家全球石油服务公司,提供广泛而全面的高度工程管道运行服务,管状制作和专业井建筑以及井的干预解决方案,重点是复杂和技术上要求井。弗兰克的员工成立于1938年,员工约有2,400名员工,为六大大陆的大约40个国家提供了陆上和近海环境的领先勘探和生产公司。该公司的普通股在纽约证券交易所“fi”下的纽约证券交易所交易。附加信息可在公司的网站上获得,www.franksinternational.com.

没有要约或恳求

此通信涉及富兰克国际N.V.(“Frank's”)和Expro Group Holdings International Limited(“expro”)之间的拟议合并及相关交易(“交易”)。raybet电竞竞猜app此沟通仅供参与信息目的,并且不构成出售或征求提供任何证券或征求任何司法管辖区的要约或征集任何司法管辖区的要约,也不应有任何情况在违反适用法律的任何管辖范围内,本文件中提到的证券销售,发行,交换或转让。除了拟议1933年“证券法”第10条的要求,除了招股说明书,不得提出证券的报价。

重要的附加信息

In connection with the Transactions, Frank’s intends to file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including a registration statement on Form S-4 (the “Registration Statement”), which will include a proxy statement/prospectus of Frank’s. After the Registration Statement has been declared effective by the SEC, a definitive proxy statement/prospectus will be mailed to the shareholders of the Frank’s and Expro. SHAREHOLDERS OF FRANK’S AND EXPRO ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE TRANSACTIONS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTIONS. Such shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about Frank’s and Expro once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Additional information is available on the Frank’s website, www.franksinternational.com.

征集参与者

弗兰克及其董事和行政人员可被视为参与了与交易有关的弗兰克股东的委托。raybet电竞竞猜appExpro及其管理人员和董事也可被视为此类征集的参与者。

Information regarding Frank’s directors and executive officers is contained in the proxy statement for Frank’s 2020 Annual Meeting of Shareholders, which was filed with the SEC on April 28, 2020, Frank’s Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the SEC on March 1, 2021, and certain of its Current Reports on Form 8-K. You can obtain a free copy of these documents at the SEC’s website at http://www.sec.gov or by accessing Frank’s website athttp://www.franksinternational.com.

有关可能被视为参与者的人员在代表招揽和担保人员或其他方面的描述中,这些信息将由其担保持有人或其他方式,将于代理陈述/招股说明书和其他相关材料中载入其中的其他相关材料可用。

前瞻性陈述和警示陈述

上述内容在1933年“证券法”第27A条第27A条的含义中载有“前瞻性陈述”,以及1934年“证券交流法”第21E条。历史事实陈述的所有陈述,包括在此沟通中解决活动,events or developments that Expro or Frank’s expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “potential,” “create,” “intend,” “could,” “may,” “foresee,” “plan,” “will,” “guidance,” “look,” “outlook,” “goal,” “future,” “assume,” “forecast,” “build,” “focus,” “work,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance that convey the uncertainty of future events or outcomes identify the forward-looking statements, although not all forward-looking statements contain such identifying words. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include, but are not limited to, statements, estimates and projections regarding the Transactions, pro forma descriptions of the combined company, anticipated or expected revenues, EBITDA, synergies or cost-savings, operations, integration and transition plans, opportunities and anticipated future performance. These statements are based on certain assumptions made by Frank’s and Expro based on management’s experience, expectations and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance.

Although Frank’s and Expro believe the expectations reflected in these forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Frank’s, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Such risks and uncertainties include the risk of the failure to obtain the required votes of Frank’s and Expro’s shareholders; the timing to consummate the Transactions; the risk that the conditions to closing of the Transactions may not be satisfied or that the closing of the Transactions otherwise does not occur; the failure to close the Transactions on the anticipated terms, including the anticipated tax treatment; the risk that a regulatory approval, consent or authorization that may be required for the Transactions is not obtained in a timely manner or at all, or is obtained subject to conditions that are not anticipated; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; unanticipated difficulties or expenditures relating to the Transactions; the diversion of management time on Transactions-related matters; the ultimate timing, outcome and results of integrating the operations of Frank’s and Expro; the effects of the business combination of Frank’s and Expro following the consummation of the Transactions, including the combined company’s future financial condition, results of operations, strategy and plans; the risk that any announcements relating to the Transactions could have adverse effects on the market price of Frank’s common stock; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Transactions; expected synergies and other benefits from the Transactions; the potential for litigation related to the Transactions; results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending and in oil and natural gas prices, which could adversely affect demand for Frank’s and Expro’s services and their associated effect on rates, utilization, margins and planned capital expenditures; unique risks associated with offshore operations; global economic conditions; liabilities from operations; decline in, and ability to realize, backlog; equipment specialization and new technologies; adverse industry conditions; adverse credit and equity market conditions; difficulty in building and deploying new equipment; difficulty in integrating acquisitions; shortages, delays in delivery and interruptions of supply of equipment, supplies and materials; weather; loss of, or reduction in business with, key customers; legal proceedings; ability to effectively identify and enter new markets; governmental regulation, including legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; ability to retain and hire key personnel, including management and field personnel; the length of time it will take for the United States and the rest of the world to slow the spread of the COVID-19 virus to the point where applicable authorities ease current restrictions on various commercial and economic activities; and other important factors that could cause actual results to differ materially from those projected.

All such factors are difficult to predict and are beyond Expro’s or Frank’s control, including those detailed in Frank’s annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K that are available on Frank’s website at http://www.franksinternational.com and on the SEC’s website at http://www.sec.gov. Any forward-looking statement speaks only as of the date on which such statement is made, and Expro and Frank’s undertake no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements.

弗兰克的联系:

Sydney Isaacs / Alan Oshiki

Abernathy MacGregor.

713-817-9346

raybet电竞竞猜appEXPRO联系人:

奎因煽动

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Andrew Siegel / Nick Lamplough

Joele Frank,Wilkinson Brimmer Katcher

212-355-4449

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