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ENSIGN ENERGY SERVICES INC. ANNOUNCES SENIOR NOTES REDEMPTION

Newswire.ca - Tue Nov 28, 2023

CALGARY, AB, Nov. 28, 2023 /CNW/ - Ensign Energy Services Inc. ("Ensign" or "the Company") (TSX: ESI) is pleased to announce it has issued the redemption notice for the entire outstanding principal amount, US $417.5 million, of its 9.25% Senior Notes ("Senior Notes") due April 15, 2024, at a price of 100% plus accrued interest to date of redemption. The redemption date for the Senior Notes is December 14, 2023. The Company will be using available cash, liquidity, and draw on its previously announced three-year, $369.0 million Term Facility. A notice of redemption will be sent to all currently registered holders of the Notes by the Trustee, U.S. Bank.

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