U.S. Well Services to redeem all $126.41 million 14½% secured notes

By Jennifer Chiou

New York, May 7 - U.S. Well Services, LLC delivered a notice of redemption for all of its $126,414,660 of 14½% senior secured notes due Feb. 15, 2017, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on June 2 at par plus a premium and accrued interest.

The company will fund the redemption with a portion of the proceeds of a new $180 million term loan.

The Bank of New York Mellon Trust Co., NA is the trustee.

The issuer is a Houston-based oilfield services provider.

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