As filed with the Securities and Exchange Commission on August 4, 2020
Registration No. 333-
England and Wales | | | 98-1283037 |
(State or other jurisdiction of incorporation or organization) | | | (I.R.S. Employer Identification No.) |
One St. Paul’s Churchyard London, United Kingdom | | | EC4M 8AP |
(Address of principal executive offices) | | | (Zip Code) |
Large accelerated filer ☒ | | | Accelerated filer ☐ | | | Non-accelerated filer ☐ | | | Smaller reporting company ☐ |
| | | | | | | Emerging growth company ☐ |
Title of Class of Securities to be Registered | | | Amount to be Registered / Proposed Maximum Offering Price Per Unit / Proposed Maximum Aggregate Offering Price(1) | | | Amount of Registration Fee(2) |
Ordinary Shares | | | | | ||
Preference Shares | | | | | ||
Debt Securities | | | | | ||
Guarantees(3) | | | | | ||
Share Purchase Contracts | | | | | ||
Warrants(4) | | | | | ||
Units comprising one or more classes of the above securities(5) | | | | | ||
Total | | | | |
(1) | An indeterminate aggregate amount and initial offering price of securities of each class is being registered hereunder, as may from time to time be offered, at indeterminate prices. Securities registered hereunder may be sold separately, together or as units with other securities registered hereunder. The indeterminate aggregate amount also includes such securities as may, from time to time, be issued upon conversion or exchange of securities registered hereunder, to the extent any such securities are, by their terms, convertible into or exchangeable for other securities. |
(2) | In accordance with Rules 456(b) and 457(r) of the Securities Act of 1933, as amended, the registrant is deferring payment of all of the registration fee and will pay the registration fee subsequently in advance on a pay-as-you-go basis. |
(3) | TechnipFMC plc may guarantee debt securities issued by one or more of its subsidiaries. No separate consideration will be paid in respect of the guarantees. Pursuant to Rule 457(n) under the Securities Act, no separate fee is payable with respect to the guarantees of debt securities. |
(4) | The warrants covered by this registration statement may be warrants for ordinary shares, preference shares or debt securities. |
(5) | Each unit will be issued under a unit agreement and will represent an interest in one or more ordinary shares, preference shares, debt securities, guarantees, warrants or share purchase contracts or any combination of such securities, which if more than one may or may not be separable from one another. |

• | our Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on March 3, 2020; |
• | the information specifically incorporated by reference into our Annual Report on Form 10-K for the year ended December 31, 2019 from our Definitive Proxy Statement on Schedule 14A, as filed with the SEC on March 13, 2020; |
• | our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, as filed with the SEC on May 4, 2020 and July 31, 2020, respectively; |
• | our Current Reports on Form 8-K, as filed with the SEC on April 22, 2020 (Item 5.02 only), April 24, 2020, May 21, 2020, June 15, 2020, and June 30, 2020; and |
• | the description of our ordinary shares contained in Exhibit 4.2 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, as filed with the SEC on March 3, 2020. |
• | risks associated with disease outbreaks and other public health issues, including the coronavirus disease 2019, their impact on the global economy and the business of our company, customers, suppliers and other partners, changes in, and the administration of, treaties, laws, and regulations, including in response to such issues and the potential for such issues to exacerbate other risks we face, including those related to the factors listed or referenced below; |
• | risks associated with our ability to consummate our proposed separation and spin-off of our Technip Energies segment; |
• | unanticipated changes relating to competitive factors in our industry; |
• | demand for our products and services, which is affected by changes in the price of, and demand for, crude oil and natural gas in domestic and international markets; |
• | our ability to develop and implement new technologies and services, as well as our ability to protect and maintain critical intellectual property assets; |
• | potential liabilities arising out of the installation or use of our products; |
• | cost overruns related to our fixed price contracts or capital asset construction projects that may affect revenues; |
• | our ability to timely deliver our backlog and its effect on our future sales, profitability and our relationships with our customers; |
• | our reliance on subcontractors, suppliers and joint venture partners in the performance of our contracts; |
• | our ability to hire and retain key personnel; |
• | piracy risks for our maritime employees and assets; |
• | the potential impacts of seasonal and weather conditions; |
• | the cumulative loss of major contracts or alliances; |
• | U.S. and international laws and regulations, including existing or future environmental regulations, that may increase our costs, limit the demand for our products and services or restrict our operations; |
• | disruptions in the political, regulatory, economic and social conditions of the countries in which we conduct business; |
• | risks associated with The Depository Trust Company and Euroclear for clearance services for shares traded on the New York Stock Exchange and on the regulated market of Euronext Paris, respectively; |
• | the United Kingdom’s withdrawal from the European Union; |
• | risks associated with being an English public limited company, including the need for “distributable profits”, shareholder approval of certain capital structure decisions and the risk that we may not be able to pay dividends or repurchase shares in accordance with our announced capital allocation plan; |
• | compliance with covenants under our debt instruments and conditions in the credit markets; |
• | downgrade in the ratings of our debt could restrict our ability to access the debt capital markets; |
• | the outcome of uninsured claims and litigation against us; |
• | the risks of currency exchange rate fluctuations associated with our international operations; |
• | risks related to our acquisition and divestiture activities; |
• | failure of our information technology infrastructure or any significant breach of security, including related to cyber attacks, and our actual or perceived failure to comply with data security and privacy obligations; |
• | risks associated with tax liabilities, changes in U.S. federal or international tax laws or interpretations to which we are subject; and |
• | such other risk factors set forth in our filings with the SEC and in our filings with the Autorité des marchés financiers or the U.K. Financial Conduct Authority. |
• | the title and ranking of the debt securities (including the terms of any subordination provisions); |
• | the price or prices (expressed as a percentage of the principal amount) at which we will sell the debt securities; |
• | any limit on the aggregate principal amount of the debt securities; |
• | the date or dates on which the principal of the securities of the series is payable; |
• | the rate or rates (which may be fixed or variable) per annum or the method used to determine the rate or rates (including any commodity, commodity index, stock exchange index or financial index) at which the debt securities will bear interest, the date or dates from which interest will accrue, the date or dates on which interest will commence and be payable and any regular record date for the interest payable on any interest payment date; |
• | the place or places where principal of, and interest, if any, on the debt securities will be payable (and the method of such payment), where the securities of such series may be surrendered for registration of transfer or exchange, and where notices and demands to us in respect of the debt securities may be delivered; |
• | the period or periods within which, the price or prices at which and the terms and conditions upon which we may redeem the debt securities; |
• | any obligation we have to redeem or purchase the debt securities pursuant to any sinking fund or analogous provisions or at the option of a holder of debt securities and the period or periods within which, the price or prices at which and in the terms and conditions upon which securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; |
• | the dates on which and the price or prices at which we will repurchase debt securities at the option of the holders of debt securities and other detailed terms and provisions of these repurchase obligations; |
• | the denominations in which the debt securities will be issued, if other than denominations of U.S. $2,000 and integral multiples of $1,000 in excess thereof; |
• | whether the debt securities will be issued in the form of certificated debt securities or global debt securities; |
• | the portion of principal amount of the debt securities payable upon declaration of acceleration of the maturity date, if other than the principal amount; |
• | the currency of denomination of the debt securities, which may be U.S. Dollars or any foreign currency, and if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; |
• | the designation of the currency, currencies or currency units in which payment of principal of, premium and interest on the debt securities will be made; |
• | if payments of principal of, premium or interest on the debt securities will be made in one or more currencies or currency units other than that or those in which the debt securities are denominated, the manner in which the exchange rate with respect to these payments will be determined; |
• | the manner in which the amounts of payment of principal of, premium, if any, or interest on the debt securities will be determined, if these amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; |
• | any provisions relating to any security provided for the debt securities; |
• | any addition to, deletion of or change in the Events of Default described in this prospectus or in the indenture with respect to the debt securities and any change in the acceleration provisions described in this prospectus or in the indenture with respect to the debt securities; |
• | any addition to, deletion of or change in the covenants described in this prospectus or in the indenture with respect to the debt securities; |
• | any depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to the debt securities; |
• | the provisions, if any, relating to conversion or exchange of any debt securities of such series, including, if applicable, the conversion or exchange price and period, provisions as to whether conversion or exchange will be mandatory, the events requiring an adjustment of the conversion or exchange price and provisions affecting conversion or exchange; |
• | any other terms of the debt securities, which may supplement, modify or delete any provision of the indenture as it applies to that series, including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of the securities; and |
• | whether any of our direct or indirect subsidiaries will guarantee the debt securities of that series, including the terms of subordination, if any, of such guarantees. |
• | either (a) TechnipFMC is the surviving corporation or (b) the person formed by or surviving any such conversion, consolidation, amalgamation, merger or scheme of arrangement (if other than TechnipFMC) or the person to which such sale, conveyance, transfer or lease is made (i) assumes all the obligations of TechnipFMC under the debt securities and the indenture pursuant to a supplemental indenture reasonably satisfactory to the trustee and (ii) is organized under the laws of a country that is a member of the Organisation for Economic Co-operation and Development, including the United States or any state thereof or the District of Columbia; |
• | we or the successor will not immediately be in default under the indenture; and |
• | we deliver an officers’ certificate and opinion of counsel to the trustee stating that such conversion, consolidation, amalgamation, merger, scheme of arrangement or sale, conveyance, transfer or lease, and any related supplemental indenture, comply with the indenture and that all conditions precedent set forth therein have been complied with. |
(1) | failure to pay any interest on any debt security of that series when due, which failure continues for 30 days; |
(2) | failure to pay the principal of or any premium on any debt security of that series when due; |
(3) | failure to deposit any mandatory sinking fund payment on any debt security of that series when due, which failure continues for 30 days; |
(4) | failure to perform, or a breach of, any other covenant of TechnipFMC in the indenture (other than a covenant included in the indenture for the benefit of another series), which failure or breach continues for 90 days after written notice from the trustee or the holders of at least 25% in principal amount of debt securities of all series having the benefit of such covenant; |
(5) | TechnipFMC, pursuant to or within the meaning of any bankruptcy, insolvency, reorganization or other similar law, (i) commences a voluntary case, (ii) consents to the entry of any order for relief against it in an involuntary case, (iii) consents to the appointment of a custodian or similar official of it or for any substantial part of its property, or (iv) makes an assignment for the benefit of its creditors, or TechnipFMC admits its inability to pay its debts generally as they come due or takes any corporate action in furtherance of any of the actions referred to above in this clause (5); |
(6) | a court of competent jurisdiction enters an order or decree under any bankruptcy, insolvency, reorganization or other similar law that (i) is for relief against TechnipFMC in an involuntary case, (ii) appoints a custodian or similar official of TechnipFMC or for any substantial part of its property or adjudges TechnipFMC insolvent, or (iii) orders the winding up or liquidation of TechnipFMC; and the order or decree remains unstayed and in effect for 60 consecutive days; or |
(7) | any other event of default as may be specified in the supplemental indenture with respect to debt securities of that series. |
• | in the payment of the principal of, premium, if any, or interest on, any debt security; or |
• | in respect of a covenant which under the indenture cannot be amended without the consent of the holder of each outstanding debt security affected. |
• | deliver all outstanding debt securities of that series to the trustee for cancellation; or |
• | all such debt securities not so delivered for cancellation have either become due and payable or by their terms will become due and payable within one year or are called for redemption within one year, and in the case of this bullet point we have deposited with the trustee in trust an amount of cash sufficient to pay the entire indebtedness of such debt securities, including interest to their stated maturity or applicable redemption date. |
• | the securities to which the guarantees apply; |
• | whether the guarantees are senior or subordinate to other guarantees or debt; |
• | the terms under which the guarantees may be amended, modified, waived, released or otherwise terminated, if different from the provisions applicable to the guaranteed debt securities; and |
• | any additional terms of the guarantees. |
• | the title of such warrants; |
• | the aggregate number of such warrants; |
• | the price or prices at which such warrants will be issued; |
• | the securities or other rights, including rights to receive payment in cash or securities based on the value, rate or price of one or more specified commodities, currencies, securities or indices or any combination of the foregoing, purchasable upon exercise of such warrants; |
• | the price at which, and the currency or currencies in which the securities purchasable upon exercise of, such warrants may be purchased; |
• | the date on which the right to exercise such warrants shall commence and the date on which such right shall expire; |
• | if applicable, the minimum or maximum amount of such warrants which may be exercised at any one time; |
• | if applicable, the designation and terms of the securities with which such warrants are issued and the number of such warrants issued with each such security; |
• | if applicable, the date on and after which such warrants and the related securities will be separately transferable; |
• | information with respect to book-entry procedures, if any; |
• | if applicable, a discussion of any material U.S. federal income tax considerations; and |
• | any other material terms of such warrants, including terms, procedures and limitations relating to the exchange and exercise of such warrants. |
• | the terms of the units and of any of the ordinary shares, preference shares, debt securities, guarantees, warrants or share purchase contracts comprising the units, including whether and under what circumstances the securities comprising the units may be traded separately; |
• | a description of the terms of any unit agreement governing the units; and |
• | a description of the provisions for the payment, settlement, transfer or exchange of the units. |
• | through underwriters or dealers; |
• | through agents; |
• | directly to one or more purchasers; or |
• | through a combination of any of these methods of sale. |
ITEM 14. | Other Expenses of Issuance and Distribution. |
SEC Registration Fee | | | $ * |
FINRA Filing Fee | | | ** |
Printing and Engraving Expenses | | | ** |
Legal Fees and Expenses | | | ** |
Accounting Fees and Expenses | | | ** |
Blue Sky Fees and Expenses | | | ** |
Transfer Agent Fees and Expenses | | | ** |
Rating Agency Fees and Expenses | | | ** |
Trustee Fees and Expenses | | | ** |
Miscellaneous | | | ** |
Total | | | $** |
* | Pursuant to Rules 456(b) and 457(r) under the Securities Act of 1933, as amended, the SEC registration fee will be paid at the time of any particular offering of securities under the registration statement, and is therefore not currently determinable. |
** | These fees are calculated based upon the number of issuances and amount of securities offered and thus cannot be estimated at this time. An estimate of the aggregate expenses in connection with the issuance and distribution of the securities being offered will be included in the applicable prospectus supplement. |
ITEM 15. | Indemnification of Directors and Officers. |
a) | liability insurance within Section 233; |
b) | qualifying third-party indemnity provisions falling within Section 234; or |
c) | qualifying pension scheme indemnity provision under Section 235. |
ITEM 16. | Exhibits. |
ITEM 17. | Undertakings. |
Exhibit Number | | | Description |
1.1* | | | Form of Underwriting Agreement for each of the securities registered hereby. |
| | | ||
| | | Business Combination Agreement, dated as of June 14, 2016, by and among FMC Technologies, Inc., TechnipFMC plc (f/k/a FMC Technologies SIS Limited) and Technip S.A. (incorporated by reference from Annex A-1 to the Registration Statement on Form S-4, as amended, filed on October 21, 2016) (File No. 333-213067). | |
| | | ||
| | | Amendment No. 1 to Business Combination Agreement, dated as of December 14, 2016, by and among FMC Technologies, Inc., TechnipFMC plc (f/k/a TechnipFMC Limited) and Technip S.A. (incorporated by reference from Exhibit 2.1 to the Current Report on Form 8-K filed on December 14, 2016) (File No. 333-213067). | |
| | | ||
| | | Joinder Agreement, dated as of December 14, 2016, by and among FMC Technologies, Inc., TechnipFMC plc (f/k/a TechnipFMC Limited), Technip S.A., TechnipFMC Holdings Limited, TechnipFMC US Holdings LLC and TechnipFMC US Merger Sub LLC (incorporated by reference from Exhibit 2.2 to the Current Report on Form 8-K filed on December 14, 2016) (File No. 333-213067). | |
| | | ||
| | | Articles of Association of TechnipFMC plc (incorporated by reference from Exhibit 3.1 to the Current Report on Form 8-K filed on January 17, 2017) (File No. 001-37983). | |
| | | ||
| | | Indenture, dated March 29, 2017, between TechnipFMC plc and U.S. Bank National Association, as trustee (incorporated by reference from Exhibit 4.1 to the Current Report on Form 8-K filed on March 30, 2017) (File No. 001-37983). | |
| | | ||
| | | Second Supplemental Indenture, dated March 29, 2017, between TechnipFMC plc and U.S. Bank National Association, as trustee (including the form of 3.45% Senior Notes due 2022) (incorporated by reference from Exhibit 4.3 to the Current Report on Form 8-K filed on March 30, 2017) (File No. 001-37983). | |
| | | ||
4.4* | | | Form of senior note. |
| | | ||
4.5* | | | Form of subordinated debt securities indenture. |
| | | ||
4.6* | | | Form of subordinated note. |
| | | ||
4.7* | | | Form of Warrant Agreement. |
| | | ||
4.8* | | | Form of Unit Agreement. |
| | | ||
4.9* | | | Form of Purchase Contract Agreement. |
| | | ||
| | | Opinion of Latham & Watkins (London) LLP. | |
| | | ||
| | | Opinion of Latham & Watkins LLP (U.S.). | |
| | | ||
8.1* | | | Opinion of Latham & Watkins LLP regarding material U.S. federal income tax matters. |
| | | ||
| | | Consent of PricewaterhouseCoopers LLP. | |
| | |
Exhibit Number | | | Description |
| | | Consent of Latham & Watkins (London) LLP (included in Exhibit 5.1). | |
| | | ||
| | | Consent of Latham & Watkins LLP (U.S.) (included in Exhibit 5.2). | |
| | | ||
| | | Powers of Attorney (included in signature page hereto). | |
| | | ||
| | | Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939, as amended, of U.S. Bank National Association, as trustee under the indenture included as Exhibit 4.1 above. |
* | To be filed either by amendment or as an exhibit to a report filed under the Securities Exchange Act of 1934, as amended, and incorporated by reference to this Registration Statement. |
| | | TechnipFMC plc (Registrant) | ||||
| | | | | |||
| | | By: | | | /s/ Maryann T. Mannen | |
| | | | | Maryann T. Mannen Executive Vice President and Chief Financial Officer (Principal Financial Officer, a Duly Authorized Officer and an Authorized U.S. Representative) | ||
Signature | | | Title | | | Dated |
| | | | | |||
/s/ Douglas J. Pferdehirt | | | Chairman of the Board of Directors and Chief Executive Officer (Principal Executive Officer) | | | August 4, 2020 |
Douglas J. Pferdehirt | | |||||
| | | | | |||
/s/ Maryann T. Mannen | | | Executive Vice President and Chief Financial Officer (Principal Financial Officer, a Duly Authorized Officer and an Authorized U.S. Representative) | | | August 4, 2020 |
Maryann T. Mannen | | |||||
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/s/ Krisztina Doroghazi | | | Senior Vice President, Controller and Chief Accounting Officer (Principal Accounting Officer) | | | August 4, 2020 |
Krisztina Doroghazi | | |||||
| | | | | |||
/s/ Eleazar de Carvalho Filho | | | Director | | | August 4, 2020 |
Eleazar de Carvalho Filho | |
Signature | | | Title | | | Dated |
| | | | | |||
/s/ Arnaud Caudoux | | | Director | | | August 4, 2020 |
Arnaud Caudoux | | |||||
| | | | | |||
/s/ Pascal Colombani | | | Director | | | August 4, 2020 |
Pascal Colombani | | |||||
| | | | | |||
/s/ Marie-Ange Debon | | | Director | | | August 4, 2020 |
Marie-Ange Debon | | |||||
| | | | | |||
/s/ Claire S. Farley | | | Director | | | August 4, 2020 |
Claire S. Farley | | |||||
| | | | | |||
/s/ Kay G. Priestly | | | Director | | | August 4, 2020 |
Kay G. Priestly | | |||||
| | | | | |||
/s/ Joseph Rinaldi | | | Director | | | August 4, 2020 |
Joseph Rinaldi | |