Q'Max sets Monday investor call for $225 million five-year secured notes offering via Pareto

By Paul A. Harris

Portland, Ore., May 17 – Q'Max Solutions Inc. plans to present its $225 million offering of five-year senior secured notes (Caa2/B-) to investors on a conference call scheduled to begin at 8 a.m. ET on Monday, according to a market source.

Further timing on the deal remains to be announced, the source added.

Pareto Securities has the books for the Rule 144A and Regulation S offering.

The notes become callable after two years at par plus 50% of the coupon and feature a two-year 35% equity clawback at par plus the coupon.

The Houston-based multi-national oilfield services provider plans to use the proceeds to help fund its upcoming acquisition of Mountain Mud, as well as to repay debt and buy out certain existing equipment leases.

The issuing entity will be Qmax Financial Holdings Inc., a direct wholly owned subsidiary of Q'Max Solutions.

Q'Max provides services to onshore and offshore oil and gas companies, with clientele in North America, Latin America and the Middle East/Africa.

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