CES Energy to redeem 6 3/8% notes due 2024 on Nov. 30 at par

By Marisa Wong

Los Angeles, Oct. 19 – CES Energy Solutions Corp. will redeem all of its C$288 million outstanding 6 3/8% senior notes due Oct. 21, 2024 on Nov. 30, according to a press release.

The redemption price is par plus accrued interest to but excluding the redemption date.

CES will redeem the notes by drawing down on its available C$250 million Canadian term loan facility, with the balance of about C$38 million to be drawn from its C$450 million syndicated credit facility, which had a net draw of C$120.2 million at June 30.

CES is a Calgary, Alta.-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.