Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 6, 2005
Event: Exercise of option to purchase additional contingent convertible senior notes.
Key Financial Metrics
This filing reports a specific capital market transaction rather than periodic financial performance. No revenue, profit, cash flow, or margin data is provided in this document.
- Instrument: 2 3/8% Contingent Convertible Senior Notes due 2025.
- Transaction Amount: $50 million in additional principal.
- Action: Initial purchaser elected to exercise in full its option to purchase the additional notes.
Material Changes
The filing discloses an increase in the company's outstanding debt obligations by $50 million due to the full exercise of the purchase option on the contingent convertible senior notes. No other material changes to operations or financial position are detailed in this report.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, risk factors, or contingencies beyond the specific event of the note purchase. The document incorporates a press release (Exhibit 99.1) by reference but does not reproduce its text.
Investor Verification Checklist
- Verify the total outstanding principal of the 2 3/8% contingent convertible senior notes due 2025 following this $50 million increase.
- Review the terms of the contingent conversion feature to understand potential dilution scenarios.
- Confirm the use of proceeds from this additional issuance as detailed in the referenced press release (Exhibit 99.1).
- Check subsequent filings for any impact on the company's liquidity or debt covenants.