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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)
         
Delaware   1-2960   72-1123385
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification Number)
2700 Research Forest Drive, Suite 100
The Woodlands, TX 77381

(Address of Principal Executive Offices)
Registrant’s 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):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
o   Pre-Commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
 
 

 


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Item 7.01. Regulation FD Disclosure
Item 9.01. Financial Statements and Exhibits
SIGNATURES
EXHIBIT INDEX
EX-99.1


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Item 7.01.   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.   Financial Statements and Exhibits.
     (d) Exhibits.
     
Exhibit Number   Description
Exhibit 99.1
  Press Release dated September 27, 2010.

 


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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.
         
 
  NEWPARK RESOURCES, INC.    
 
       
Date: September 27, 2010
  /s/ James E. Braun
 
James E. Braun
   
 
  Vice President and Chief Financial Officer    
 
  (Principal Financial Officer)    

 


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EXHIBIT INDEX
     
Exhibit Number   Description
Exhibit 99.1
  Press Release dated September 27, 2010.

 

exv99w1
Exhibit 99.1

(IMAGE)
NEWS RELEASE
     Contacts:   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 Company’s 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 Company’s 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 management’s 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.