Secure Energy Services Inc. announced that it has successfully closed its previously announced private offering (the "Offering") of $300 million aggregate principal amount of 6.750% senior unsecured notes due March 22, 2029 (the "Notes") at an issue price of $100.00, representing a yield of 6.750%. The Offering was underwritten by a syndicate of underwriters with BMO Capital Markets and National Bank Financial Markets acting as joint bookrunners, ATB Securities Inc. as co-lead manager, and CIBC World Markets Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Scotia Capital Inc., and RBC Dominion Securities Inc. as co-managers (collectively, the "Underwriters"). SECURE used the net proceeds of the Offering to fund the redemption of all of the outstanding 7.25% senior unsecured notes due 2026 at a redemption price of 103.625% of the principal amount of the 2026 Notes, plus accrued and unpaid interest up to, but excluding, the redemption date, being approximately $358 million.
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- Secure Energy Services Inc. Announces Closing of $300 Million Senior Unsecured Note Financing