Published on 3/19/2024 in the Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.
New Issue: Secure Energy sells C$300 million 6¾% notes due 2029
Chicago, March 19 – Secure Energy Services Inc. sold C$300 million of 6¾% senior notes due 2029 (BB-/BB-), according to a press release.
BMO Capital Markets and National Bank Financial Markets were joint bookrunners for the Rule 144A and Regulation S deal.
Proceeds are being used to fund the redemption of the C$340 million of 7¼% senior notes due 2026.
Secure Energy is a Calgary, Alta.-based oil and natural gas company.
| Issuer: | Secure Energy Services Inc.
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| Amount: | C$300 million
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| Issue: | Senior notes
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| Maturity: | March 22, 2029
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| Bookrunners: | BMO Capital Markets and National Bank Financial Markets
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| Lead co-manager: | ATB Securities Inc.
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| Co-managers: | CIBC World Markets Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Scotia Capital Inc., and RBC Dominion Securities Inc.
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| Coupon: | 6¾%
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| Announcement date: | March 19
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| Ratings: | S&P: BB-
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| Fitch: BB-
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| Distribution: | Rule 144A and Regulation S
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