ChampionX gives early results, extends early premium for 2026 notes

By Cady Vishniac

Detroit, Dec. 14 – ChampionX has announced results for its cash tender offer for up to $100 million of its $300 million of outstanding 6 3/8% senior notes due 2026 (Cusip: 03755LAC8) and extended the deadline for holders to receive the early payment premium, according to a news release.

The company plans to accept all $22,953,000 of the notes tendered by the early deadline, 5 p.m. ET on Dec. 11. The tendered amount represents 7.65% of the amount outstanding at the beginning of the offer.

ChampionX has also announced that it plans to offer the $30 early tender premium to all holders who validly tender their notes through the final expiration of the offer at 11:59 p.m. ET on Dec. 28.

As previously reported, the company originally offered a total consideration of $1,010 per $1,000 principal amount, which includes the early tender premium.

Early settlement is expected to occur on Dec. 15 and final settlement on Dec. 30.

J.P. Morgan Securities LLC (866-834-4666 or 212-834-4087) is acting as dealer manager.

D.F. King & Co., Inc. (212 269-5550, 800 591-6313 or championx@dfking.com) is tender and information agent.

ChampionX is an upstream energy business based in The Woodlands, Tex.

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