Smith International, Inc. Announces Results of Equity Offering
HOUSTON, Texas (December 18, 2009)... Smith International, Inc. (NYSE: SII) (“Smith”) announced that it obtained approximately $717 million of net proceeds from its recent offering of 28 million shares of common stock that closed on November 23, 2009.

Friday, December 18, 2009

 

Contact:    Shawn Housley

                  Director, Investor Relations

                  (281) 443-3370

                  shousley@smith.com

 

 

Smith International, Inc. Announces Results of Equity Offering

 

 

HOUSTON, Texas (December 18, 2009)... Smith International, Inc. (NYSE: SII) (“Smith”) announced that it obtained approximately $717 million of net proceeds from its recent offering of 28 million shares of common stock that closed on November 23, 2009.  No additional shares were issued through exercise of the overallotment option which expired on December 16th.

 

Copies of the final prospectus supplement and accompanying base prospectus relating to the offering may be obtained from J.P. Morgan Securities Inc. via Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling (866) 803-9204.  Copies of the final prospectus supplement and accompanying base prospectus are also available on the Securities and Exchange Commission’s website at www.sec.gov.

 

Smith International, Inc. is one of the largest global providers of products and services used by operators during the drilling, completion and production phases of oil and natural gas development activities.