CALGARY, AB, Feb. 6, 2024 /CNW/ - SECURE Energy Services Inc. ("SECURE" or the "Corporation") announced today that it has delivered notices of redemption (the "Redemption Notices") for all of its outstanding 11.000% Senior Second Lien Secured Notes due 2025 (the "Notes"). The aggregate principal amount of the Notes currently outstanding is approximately US$153 million. As set forth in the Redemption Notices, the redemption date will be February 22, 2024 ("the Redemption Date"), and the redemption price is 105.5% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the Redemption Date, all in accordance with the provisions of the indenture governing the Notes (the "Redemption"). The Redemption Notices are being delivered through the facilities of DTC. The Redemption will be fully funded with proceeds from the previously announced asset sale to Waste Connections, Inc., which closed on February 1, 2024.
Read more at newswire.caSECURE Announces Redemption of Senior Second Lien Secured Notes
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