Expro announces closing of $334m shareholder equity investment

4th August 2015

Expro Holdings UK 3 Limited (the “Company”) announced that on July 31st 2015, it closed the Mezzanine Amend & Extend transaction and Equity fund raising.

The Company’s principal shareholders successfully completed a rights issue, which raised $334m of new equity to (i) repay $283m of Expro’s mezzanine loan facility, and (ii) provide an additional $51m of liquidity to the Company.

Expro also reached agreement with the majority of its mezzanine lenders to amend the terms, and extend the maturity date, of their portion of the Company’s mezzanine loan facility. The final amount raised under the rights issue was dependent upon the proportion of mezzanine lenders who elected to extend the maturity of their commitments under the mezzanine loan facility, thereby being paid down in part.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any investments, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country.

This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.

For further information please contact:

Expro Holdings UK 3 Limited
Jean Vernet, Chief Financial Officer
Domenico Sansalone, Group Corporate Treasurer


Expro’s mission is well flow management. We provide services and products that measure, improve, control and process flow from high-value oil and gas wells, from exploration and appraisal through to mature field production optimisation and enhancement.

For more information, please visit: www.exprogroup.com/about-us