Reuters logo
BRIEF-TETRA Technologies considering capital raise alternatives
December 8, 2016 / 2:40 PM / a year ago

BRIEF-TETRA Technologies considering capital raise alternatives

Dec 8 (Reuters) - TETRA Technologies Inc :

* TETRA Technologies Inc - considering raising capital to address deferral of certain projects from Q4 of 2016 into early 2017

* TETRA Technologies Inc - additionally, co announced that it has obtained an interim arbitration award of $7 million plus legal fees on a long-standing claim

* TETRA Technologies Inc - is considering capital raise alternatives

* TETRA Technologies Inc - is considering capital raise alternatives sheet to address potential weakness in 2017 Deep Water Gulf of Mexico activity

* TETRA Technologies Inc -delay in projects is expected to result in company not being in compliance with one of its debt covenants as of December 31, 2016 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below