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Secure Energy plans partial redemption of Tervita’s 11% notes
Chicago, Sept. 21 – Secure Energy Services Inc. is planning a partial redemption of $100 million of the $400 million principal amount of 11% senior second-lien secured notes due 2025 previously issued by Tervita Corp.
Funding will come from a new offering of 7¼% notes due 2026 being issued by Secure Energy, according to a press release.
Secure Energy is the obligor currently on the Tervita notes, as of the acquisition of all of the outstanding securities of the company in July.
Secure Energy is a Calgary, Alta.-based oil and natural gas company.
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