Superior Energy unit calls all $150 million of 6 7/8% notes due 2014

By Toni Weeks

San Luis Obispo, Calif., May 14 - Superior Energy Services, Inc. announced that its wholly owned subsidiary, SESI, LLC, issued a call to redeem the remaining outstanding $150 million of 6 7/8% senior notes due 2014.

The notes will be redeemed on May 24. According to a press release, Superior Energy plans to finance the redemption with cash on hand and funds from its revolving line of credit.

Based in New Orleans, Superior Energy provides oilfield services and equipment.

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