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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.

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. Post your comment!

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