Superior Energy Services Announces Closing of Senior Notes Due 2024
SUPERIOR ENERGY SERVICES INC (SPN)
Last superior energy services inc earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
ir.superiorenergy.com
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Source: GlobeNewswire
HOUSTON, Aug. 17, 2017 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. today announced that its wholly-owned subsidiary, SESI, L.L.C. (“SESI”), has closed its previously announced private offering to eligible purchasers of $500.0 million in aggregate principal amount of 7 3/4% Senior Notes due 2024 (the “2024 Notes”). The 2024 Notes were priced at par. SESI intends to use the net proceeds from this offering, together with cash on hand, to redeem $500 million of SESI’s outstanding 6 3/8% Senior Notes due 2019. Forward-Looking Statements This press release includes forward-looking statements, including the redemption of the 2019 Notes. These forward-looking statements are generally identified by the words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “may,” “should,” “could,” “will,” “would,” and “will be,” and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are subject to significant risk
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