Superior Energy to get $200 million term loan B for Warrior purchase

By Sara Rosenberg

New York, Sept. 25 - Superior Energy Services Inc. has received a commitment for a $200 million seven-year term loan B to fund its acquisition of Warrior Energy Services Corp., company officials said in a conference call Monday.

The term loan B will carry an interest rate of Libor plus 225 basis points, officials added in the call.

Under the acquisition agreement, Superior Energy is buying Warrior, a Columbus, Miss., natural gas and oil well services company, for about $175 million in cash and 5.3 million shares of common stock.

The transaction is subject to regulatory review and customary closing conditions, and is expected to close late in the fourth quarter.

Superior Energy is a Harvey, La., provider of specialized oilfield services and equipment.

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