Superior Energy $200 million term loan B to be led by JPMorgan

By Sara Rosenberg

New York, Oct. 20 - Superior Energy Services Inc.'s proposed $200 million seven-year term loan B will be brought to market by JPMorgan as bookrunner and lead arranger, according to an S-4 filed with the Securities and Exchange Commission Friday.

The term loan B is expected to carry an interest rate of Libor plus 225 basis points.

Proceeds will be used to fund the acquisition of Warrior Energy Services Corp., 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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