Seeking Alpha

Flotek Industries (FTK) says it's entered into transactions to repurchase approximately $50M of...

Flotek Industries (FTK) says it's entered into transactions to repurchase approximately $50M of it's outstanding convertible notes from institutional holders. The privately negotiated transactions were negotiated at an average of approximately 100.59% of par value plus accrued interest. The company will fund the repurchase with cash on hand and through its $75M credit facility with PNC bank.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)