CES Energy Solutions Corp. Completes $75M Note Reopening

CES Energy Solutions Corp. announced the successful closure of its private placement offering of an additional $75 million aggregate principal amount of 6.875% senior unsecured notes due May 24, 2029. This adds to the $200 million aggregate principal amount of notes issued on May 24, 2024, bringing the total outstanding amount to $275 million.

The notes were issued at 103.125% of their face value with a yield to worst of 5.559%. The proceeds will be used to repay the company's outstanding debt on its senior syndicated credit facility and for general corporate purposes.

BMO Capital Markets and Scotiabank were the joint active bookrunning managers for the private placement, with TD Securities as the joint bookrunning manager. The offering was also supported by ATB Capital Markets, RBC Capital Markets, National Bank Capital Markets, Wells Fargo Securities, CIBC Capital Markets, Peters & Co. Limited, and Raymond James.

The notes have not been registered under the U.S. Securities Act of 1933 or applicable state securities laws and may not be offered or sold in the United States. They were offered and sold only to non-U.S. persons in Canada under an exemption from the prospectus requirements of Canadian securities laws.

CES Energy Solutions Corp. is a leading provider of consumable chemical solutions in the oilfield sector. For more information about the company, visit www.cesenergysolutions.com.

Forward-looking information in this press release includes the use of proceeds from the notes and expectations regarding the company's capital structure and liquidity. Actual results may differ due to various factors and risks outlined in CES' Annual Information Form and Management's Discussion and Analysis reports.

The Toronto Stock Exchange has not reviewed or endorsed this release.