Green Field Energy starts roadshow for $250 million notes, warrants

By Paul A. Harris

Portland, Ore., Nov. 7 - Green Field Energy Services, Inc. is in the market with a $250 million offering of units via manager Jefferies & Co., according to an informed source.

An investor call is scheduled for 10:30 a.m. ET on Tuesday, and a group meeting is scheduled in New York at 12:30 p.m. ET on Tuesday.

The roadshow wraps up on Wednesday.

The Lafayette, La.-based energy services company is offering 250,000 units consisting of $1,000 principal amount of five-year senior secured notes and a warrant to purchase shares of common stock.

The Rule 144A and Regulation S with registration rights notes come with three years of call protection.

The company plans to use the proceeds to fund capital expenditures, to refinance existing debt, to repay the Shell prepayment and for general corporate purposes.

The prospective issuer is an energy services company that operates in the well services and hydraulic fracturing services lines using turbine-powered pumping equipment.

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