Secure Energy to redeem $100 million 11% Tervita notes due 2025

By Rebecca Melvin

Concord, N.H., July 2 – Secure Energy Services Inc. issued a notice of redemption for $100 million of the 11% senior second-lien secured notes due 2025 issued by Tervita Corp., according to a company release on Friday.

The notes are being redeemed at a price of 105.5 plus accrued interest to the redemption date, which is expected to be July 16.

The notes were issued by Tervita, and Secure became obligor of the issue in connection with its acquisition of Tervita on Friday.

Deutsche Bank Trust Company Americas is the U.S. trustee of the notes.

Secure is an oil and natural gas company is based in Calgary, Alta.

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