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Published on 10/13/2023 in the Prospect News Canadian Bonds Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Ensign Energy plans to redeem 9¼% notes due 2024 by end of 2023

By Wendy Van Sickle

Columbus, Ohio, Oct. 13 – Ensign Energy Services Inc. plans to redeem its outstanding 9¼% senior notes due April 15, 2024, on or before Dec. 31, according to a news release.

The company said it plans to use proceeds from a new C$369 million term facility and available liquidity to fund the redemption.

Ensign Energy Services is an oilfield services contractor based in Calgary, Alta.


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