Business Context and Reporting Period
Company: Oil States International, Inc. (NYSE: OIS)
Filing Type: Form 8-K (Current Report)
Date of Report: June 15, 2005
Event: Announcement of a debt issuance agreement.
Key Financial Metrics
This filing reports a specific capital market transaction rather than periodic operating results. The following metrics are disclosed:
- Debt Issuance: $125 million aggregate principal amount.
- Instrument Type: 2 3/8% contingent convertible senior notes.
- Maturity Date: 2025.
- Sale Method: Placement to qualified institutional buyers pursuant to Rule 144A.
The filing text does not provide clear values for revenue, profit, cash flow, margins, or existing liquidity positions.
Material Changes
The material change reported is the agreement to sell the new senior notes. This represents an increase in the company's debt obligations and a change in its capital structure. No comparative financial data or changes versus prior periods are included in this specific report.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the debt instrument terms. The document primarily serves to disclose the execution of the financing transaction and incorporates a press release by reference.
Investor Verification Checklist
- Verify the specific terms of the "contingent convertible" feature in the full press release (Exhibit 99.1) to understand conversion triggers.
- Confirm the use of proceeds from the $125 million issuance.
- Review the company's most recent 10-Q or 10-K to assess the impact of this new debt on total leverage and liquidity.
- Check for any covenants associated with the new senior notes that may restrict future operations.