Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Report Date: March 5, 2018
Event Date: February 28, 2018
Context: The filing discloses the completion of a strategic acquisition and related financing activities.
Key Financial Metrics
- Acquisition Price: $85 million for Falcon Flowback Services, LLC.
- Financing Method: Entirely financed through borrowings under the Company's revolving credit facility.
- Revenue/Profit/Cash Flow: The filing text does not provide specific values for revenue, profit, cash flow, margins, or total debt levels.
Material Changes
The primary material change is the expansion of the Company's operations through the acquisition of Falcon Flowback Services, LLC. This transaction increased the Company's debt load by $85 million via its revolving credit facility.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the successful closing of the Falcon acquisition. No specific forward-looking guidance, outlook, or risk factors are detailed within the text of this specific 8-K report beyond the disclosure of the transaction itself.
Investor Verification Checklist
- Verify the impact of the $85 million increase in revolver borrowings on the Company's total leverage ratios and liquidity position.
- Review the attached press release (Exhibit 99.1) for details on Falcon's financial performance and strategic fit.
- Confirm the remaining availability under the Company's revolving credit facility post-transaction.