Superior Energy Services, Inc. Issues Notice Of Redemption For Remaining $150
Million Of Its 6 7/8% Senior Notes
HOUSTON, May 14, 2013
HOUSTON, May 14, 2013 /PRNewswire/ -- Superior Energy Services, Inc. (NYSE:
SPN) today announced that SESI, L.L.C. ("SESI"), a wholly owned subsidiary of
the Company, has issued a notice (the "Redemption Notice") to holders of its
outstanding 6 7/8% Senior Notes due 2014 (the "Notes") of SESI's intent to
redeem the remaining $150 million of the outstanding Notes on May 24, 2013.
The Company anticipates funding the redemption with a combination of cash on
hand and drawings on its revolving line of credit.
Superior Energy Services, Inc. serves the drilling, completion and
production-related needs of oil and gas companies worldwide through its brand
name drilling products and its integrated completion and well intervention
services and tools, supported by an engineering staff who plan and design
solutions for customers.
FOR FURTHER INFORMATION CONTACT:
David Dunlap, President and CEO, (281) 999-0047;
Robert Taylor, CFO or Greg Rosenstein, EVP, (504) 587-7374
SOURCE Superior Energy Services, Inc.
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