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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 27, 2010
NEWPARK RESOURCES, INC.
(Exact name of registrant as specified in Charter)
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Delaware
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1-2960
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72-1123385 |
(State or Other Jurisdiction
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(Commission
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(I.R.S. Employer |
of Incorporation)
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File Number)
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Identification Number) |
2700 Research Forest Drive, Suite 100
The Woodlands, TX 77381
(Address of Principal Executive Offices)
Registrants telephone number, including area code: (281) 362-6800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
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Pre-Commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
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TABLE OF CONTENTS
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Item 7.01. |
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Regulation FD Disclosure. |
On September 27, 2010, Newpark Resources, Inc. (the Company) issued a press release
announcing a registered public offering by the Company of $150,000,000 aggregate principal amount
of convertible senior notes due 2017 pursuant to an effective shelf registration statement on Form
S-3 filed with the Securities and Exchange Commission. A copy of the press release is attached as
Exhibit 99.1 to this Current Report on Form 8-K.
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Item 9.01. |
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Financial Statements and Exhibits. |
(d) Exhibits.
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Exhibit Number |
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Description |
Exhibit 99.1
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Press Release dated September 27, 2010. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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NEWPARK RESOURCES, INC. |
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Date: September 27, 2010
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/s/ James E. Braun
James E. Braun
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Vice President and Chief Financial Officer |
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(Principal Financial Officer) |
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EXHIBIT INDEX
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Exhibit Number |
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Description |
Exhibit 99.1
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Press Release dated September 27, 2010. |
exv99w1
Exhibit 99.1
NEWS RELEASE
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Contacts: |
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James E. Braun, CFO
281-362-6800
Ken Dennard, Managing Partner
Dennard Rupp Gray & Easterly, LLC
ksdennard@drg-e.com
713-529-6600 |
NEWPARK RESOURCES ANNOUNCES
PUBLIC OFFERING OF CONVERTIBLE SENIOR NOTES DUE 2017
THE WOODLANDS, TX September 27, 2010 Newpark Resources, Inc. (NYSE: NR) (the
Company) today announced a proposed registered public offering by the Company of $150,000,000
aggregate principal amount of Convertible Senior Notes due 2017 (the Notes). In addition, the
Company expects to grant the underwriters the right to purchase within a 30-day period up to an
additional $22,500,000 aggregate principal amount of Notes, solely to cover over-allotments. The
Notes will be convertible at any time into shares of the Companys common stock. The interest
rate, conversion price, conversion rate and other terms will be determined by negotiations between
the Company and the underwriters. The Company intends to use the net proceeds from the offering to
repay existing indebtedness outstanding under the Companys credit facility and for general
corporate purposes.
J.P. Morgan Securities LLC is acting as sole book-running manager for the offering.
The offering will be made pursuant to an effective shelf registration statement on Form S-3
filed with the Securities and Exchange Commission. When available, a copy of the prospectus
supplement and the accompanying prospectus relating to the offering may be obtained from J.P.
Morgan Securities LLC by submitting a request by mail to Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717.
This press release does not constitute an offer to sell or a solicitation of an offer to buy
the Notes or any other securities, nor shall there be any sale of these securities in any
jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. The offering of these securities
may be made only by means of the prospectus supplement and the accompanying prospectus.
This press release contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act that are based on managements current expectations, estimates and
projections. All statements that address expectations or projections about the future are
forward-looking statements. Some of the forward-looking statements may be identified by words like
expects, anticipates, plans, intends, projects, indicates, and similar expressions.
These statements are not guarantees of future performance and involve a number of risks,
uncertainties and assumptions. Many factors, including those discussed more fully in documents
filed with the Securities and Exchange Commission by the Company, particularly its Annual Report on
Form 10-K for the year ended December 31, 2009, as well as others, could cause results to differ
materially from those stated.
Newpark Resources, Inc. is a worldwide provider of drilling fluids, temporary worksites and
access roads for oilfield and other commercial markets, and environmental waste treatment
solutions.