Secure Energy Services (TSE:SES) has released an update.
SECURE Energy Services Inc. has initiated a redemption of all its outstanding 7.25% Senior Unsecured Notes due in 2026, with a total principal amount of $340 million, set for March 22, 2024. This strategic financial move, involving a redemption price of 103.625% plus accrued interest, is aimed at lifting restrictive covenants and enhancing the company’s capital structure for future strategic initiatives.
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