Cameron Announces Completion of Consent Solicitation

OREANDA-NEWS. Cameron International Corporation (“Cameron” or the “Company”) announced today that it has completed the previously announced consent solicitation relating to the Company’s securities listed in the table below (collectively, the “Notes”). In connection with the consent solicitation, the Company has entered into supplemental indentures with respect to the indentures governing the Notes to reflect the proposed amendments described in the Consent Solicitation Statement dated February 12, 2016 (the “Statement”).

The consent solicitation expired at 5:00 p.m., New York City time, on February 24, 2016 (the “Expiration Date”), and revocation rights have been terminated. As of the Expiration Date, the Company had received the consent of holders of at least a majority in aggregate principal amount outstanding of each series of Notes. Subject to the terms and conditions set forth in the Statement, the Company will pay eligible holders who validly delivered and did not revoke consents on or prior to the Expiration Date a cash payment equal to $2.50 per $1,000 aggregate principal amount of Notes for which such holders validly delivered and did not revoke consents (the “Consent Fee”).  The Company expects to deliver the Consent Fee to such holders on April 5, 2016.

The supplemental indentures executed in connection with the completion of the consent solicitation bind all holders of the Notes, including those that did not give their consent, but holders who did not deliver consents prior to the Expiration Date (or delivered consents but properly revoked them) will not receive the Consent Fee.