15 June 2026material agreement▲ GoodMajor
Signed a Master Services Agreement with Diversified Construction & Design covering roughly $95 million of the remaining Phase 2/3 construction on the Evergreen bromine project near Stamps, Arkansas.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2026production update▲ GoodMajor
Reached a final investment decision on its Arkansas Bromine Project (the 'Evergreen' facility, targeting 75 million lbs/year of elemental bromine by early 2028, ~$220 million of capex remaining), formed a new magnesium-production joint venture with Magrathea Metals, and launched a $100 million equity offering to help fund construction — the Smackover critical-minerals strategy first outlined via the 2023 Saltwerx MOU reaching a major milestone.
20 May 2024material agreement● Neutral
Filed a purely technical amendment to correct a broken exhibit link in the May 17, 2024 ABL amendment filing; no substantive changes.
17 May 2024material agreement▲ Good
Increased its ABL facility from $80 million to $100 million and extended its maturity to 2029, with Bank of America replacing JPMorgan as administrative agent — further balance-sheet strengthening.
18 Jan 2024security holder rights change▲ GoodMajor
Closed a new $190 million term loan (plus up to $75 million in delayed-draw capacity) from Silver Point Finance, refinancing existing term debt and earmarking the delayed-draw portion specifically to fund construction of a new bromine processing facility.
23 June 2023material agreement▲ GoodMajor
Signed an MOU with Saltwerx LLC (a Fortune 500 subsidiary) to jointly pursue a roughly 6,138-acre brine production unit in the Smackover Formation, Arkansas, targeting both bromine and lithium production — TETRA's entry into the emerging Smackover lithium-brine district, leveraging its existing bromine expertise.
31 May 2023material agreement● NeutralMajor
Entered a Third Amendment to its Bromine Requirements Sales Agreement with LANXESS Corporation, effective April 1, 2023, in connection with a settlement of its arbitration with LANXESS. The amendment revised volume requirements and related terms.
1 Mar 2023listing compliance notice▲ GoodMajor
the exchange certified TETRA TECHNOLOGIES INC's securities for listing, clearing them to begin trading.
2 Aug 2021material agreement▲ GoodMajor
Extended its ABL facility's maturity from 2023 to 2025, added a UK borrowing subfacility, and prepaid $8.2 million of term debt ahead of schedule — continued balance-sheet improvement post-CSI Compressco exit.
29 Jan 2021asset acquisition disposition▲ GoodMajor
Sold its general partner interest, incentive distribution rights and 10.95 million of its 16.19 million CSI Compressco units (about 23.1%) to Spartan for $14.0 million, plus up to $3.1 million contingent. TETRA kept about 5.2 million units, cutting its ownership from 34% to 11%.
18 June 2020auditor change● Neutral
Dismissed Ernst & Young as auditor following a competitive tender process and appointed Grant Thornton in its place, effective for Q2 2020; no disagreements with the outgoing firm.
1 Apr 2020listing compliance notice▼ BadMajor
Received notice from the NYSE that its stock's 30-day average closing price had fallen below the $1.00 minimum required for continued listing, as the COVID-19 oil price crash hammered the shares; the company had six months to cure, including a possible reverse split.
13 Sept 2018security holder rights change▲ GoodMajor
Replaced its 2006 revolving credit facility with a new $100 million asset-based facility maturing 2023, and added a $200 million term loan maturing 2025. The term loan proceeds repaid the 11% senior secured notes due 2022 and the old credit facility.
1 Mar 2018capital raising announcement▲ GoodMajor
Closed the Swiftwater Energy Services acquisition, funding the cash portion from available cash and the credit facility, and issued employee inducement shares to Swiftwater staff.
1 Mar 2018material agreement▲ GoodMajor
The same day it closed Swiftwater, sold subsidiary Maritech's legacy offshore oil, gas and mineral leases to Orinoco Natural Resources and its affiliate Epic Offshore, which assumed substantially all associated liabilities in exchange for a modest $7.5 million note — TETRA shedding decommissioning-liability-heavy legacy E&P assets as it pivoted fully to oilfield services.
14 Feb 2018capital raising announcement▲ GoodMajor
Agreed to buy Swiftwater Energy Services, a Permian Basin water management company, for $40 million cash plus 7.77 million shares (valued at $3.86 each) and up to $15 million in earnouts. The deal expanded TETRA's existing water management business and Permian presence.
9 May 2017debt financing▼ Bad
CSI Compressco's credit facility was amended a fifth time, permitting leverage as high as 6.75x for several quarters — even after the 2016 preferred-equity raise, the compression subsidiary remained under real financial strain.
23 Dec 2016debt financing▲ GoodMajor
With the December equity raise providing breathing room, amended its credit facility a fifth time: leverage covenants were relaxed and lender commitments trimmed from $225 million to $200 million as the facility shrank to match a smaller, less-levered balance sheet.
14 Dec 2016material agreement▲ GoodMajor
Raised roughly $114.9 million gross in a second equity-and-warrant offering (19.4 million shares at $5.15 plus warrants), again earmarked to repay debt — completing the deleveraging push begun that June.
9 Aug 2016material agreement▲ GoodMajor
CSI Compressco LP raised about $48 million through a private placement of Series A Convertible Preferred Units led by outside investor HBC MLP LLC, with TETRA itself chipping in $10 million — fresh outside capital validating the compression business during the downturn.
5 July 2016debt financing▼ BadMajor
Agreed a fourth amendment to its $225 million revolving credit facility: the loans became secured, permitted unsecured debt was cut from $550 million to $100 million, and the interest coverage covenant was replaced by a 1.25x fixed charge coverage test with a 4.00x leverage cap. The GSO notes were also amended and secured.
21 June 2016material agreement▲ GoodMajor
Raised roughly $60 million in a public equity offering (11.5 million shares at $5.50) to repay debt under the senior secured notes and revolving credit facility — the first real deleveraging move after more than a year of expensive refinancing.
3 June 2016debt financing▲ Good
Drew a further $65 million on its revolver to retire all of its outstanding 2010-A and 2010-B Senior Notes at par, completing the clean-out of its legacy note stack.
25 May 2016debt financing▼ BadMajor
Subsidiary CSI Compressco LP's own credit facility was tightened: lender commitments cut from $400 million to $340 million, leverage covenants tightened, and permitted capital expenditures cut from $150 million to as little as $25 million — the compression-services unit under real strain.
25 May 2016debt financing● Neutral
Drew $35 million on its revolving credit facility to retire all of its 4.00% 2013 Notes at par, simplifying the note stack left over from before the downturn.
20 Nov 2015debt financing▼ BadMajor
Closed the $125 million, 11.00% GSO Tetra Holdings notes, completing the latest round of the company's 2015 refinancing.
6 Nov 2015debt financing▼ BadMajor
Agreed to raise $125 million in new debt at a steep 11.00% fixed rate from GSO Tetra Holdings (a Blackstone/GSO credit fund), to clear the revolving credit facility, fund a tender for other outstanding notes, and prepay 5.90% notes due 2016 — expensive, distress-priced financing typical of the 2015 oil downturn.
6 May 2015debt financing▼ BadMajor
Closed the $50 million Wells Fargo Senior Secured Notes and used the proceeds, with other funds, to repay $90 million of maturing Series 2008-B Senior Notes — this time pledging units of subsidiary CSI Compressco LP as collateral, a sign of tightening credit conditions.
24 Mar 2015debt financing▼ BadMajor
Agreed to issue $50 million of Senior Secured Notes to Wells Fargo Energy Capital, at a rate structure escalating from 3.75% to 5.25% through 2017, to refinance maturing Series 2008-B unsecured notes — the start of a multi-year refinancing scramble as oil prices collapsed.