Brief: TETRA Technologies considering capital raise alternatives

CSI Compressco LP

08/12/2016 14:27

Dec 8 (Reuters) - TETRA Technologies Inc  TTI.N : 
    * 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:  ID:nPn7t0CmRa  
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