Company financials and access to investor materials
Welltec® is a global technology company that develops and provides efficient, hi-tech solutions for the energy industry.
The company was founded in 1994 and grew rapidly by supplying innovative robotic technology to oil and gas operators.
In 2010, Welltec introduced a new business segment focused on the development of Completion products. Commercialization of these products began in 2014, and the company is now a global leader in the field of metal expandable packer technology. Welltec’s cutting-edge products and services are designed to optimize the performance and integrity of a well, in any environment.
Through advanced engineering and lightweight design, Welltec’s solutions have helped clients increase operational efficiency and reduce carbon footprints in a safe and sustainable way for more than 25 years.
Welltec operates globally and has in-house manufacturing facilities in Denmark, Brazil, and Saudi Arabia, and design and engineering facilities in Denmark, the USA, Brazil, and Scotland (Aberdeen).
From time to time – in each case based on prevailing market conditions, Welltec’s liquidity requirements, contractual restrictions and other factors – Welltec has reduced its net financial expenses and leverage by repurchasing Notes through open-market purchases and privately negotiated transactions. As a result of the foregoing, as of October 24th 2024, Welltec held USD 72,148,000 in aggregate principal amount of Notes as treasury notes.
Welltec may continue to reduce its indebtedness, with any such future reduction on such terms and at such prices as Welltec may determine, and depending on prevailing market conditions, Welltec’s liquidity requirements, contractual restrictions and other factors. Such reductions in Welltec’s debt, if any, may occur at any time and from time to time, and the amounts involved may be material.
| Issuer | Welltec |
| Rule | 144A/Regulation S |
| Amount | USD 234,830,000 |
| Coupon | 8.25% |
| Issue Date | 15-10-2021 |
| Maturity | 15-10-2026 |
| Interest Date | 01-06 & 01-12 |
| ISIN | US95039LAA61(144A) / USK9900LAA19(Reg S) |
