Secure Energy Services (TSE:SES) has released an update.
SECURE Energy Services Inc. has announced a private placement offering of $300 million in 6.75% senior unsecured notes due in 2029, managed by a syndicate of financial institutions. The company plans to use the proceeds, along with existing cash, to redeem all outstanding 2026 notes at a premium, enhancing its financial structure. The offering, not available in the U.S., aims to improve SECURE’s debt profile and is subject to customary closing conditions.
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