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Oil States Completes Previously Announced Acquisition of GEODynamics

HOUSTON, Jan. 12, 2018 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE:OIS) announced today that it has completed its acquisition of GEODynamics, Inc. The acquisition was funded with a combination of $295 million of cash (net of estimated cash acquired and funded by borrowings under Oil States’ amended revolving credit facility), the issuance of 8.66 million shares of Oil States’ common stock (valued at approximately $295 million based on Oil States’ share price at closing), a $25 million unsecured promissory note payable to the sellers, bearing interest at 2.5% per annum maturing in July 2019, and other closing adjustments, for total consideration of approximately $615 million.



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