Simpson Thacher represented the underwriters, led by J.P. Morgan, in connection with the offering of 12,432,432 shares of common stock by TETRA Technologies, Inc. (“TETRA”), representing the full exercise of the underwriters’ option to purchase additional shares. TETRA intends to use the net proceeds from the offering for general corporate purposes, including funding a portion of the construction of the Company’s Arkansas bromine project.
TETRA is an energy services and solutions company focused on developing environmentally conscious services and solutions. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals.
The Simpson Thacher team included Brian Rosenzweig, Richie Ragusa, Ryan Poché, Lidia Donaldson and Natalie Marionneaux (Capital Markets); Michael Mann (Tax); Corina Holland, Isabella Gonzales and Alex Kokka (Intellectual Property); Erica Rozow, George Gerstein and Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA). Summer Associate Joe Edens also provided valuable assistance.