Superior Energy Services Announces Senior Secured Notes Offering

HOUSTON, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. ("Superior") announced today that, subject to market conditions, its wholly-owned subsidiary SESI, L.L.C. ("SESI") intends to offer for sale $600 million in aggregate principal amount of Senior Secured Notes due 2030 (the "notes") in a private placement (the "offering"). The notes are being offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"), and to non-U.S. persons in reliance on Regulation S under the Act.

The notes will be senior secured obligations of SESI and guaranteed, jointly and severally, by Superior and certain of Superior's subsidiaries that guarantee Superior's obligations under, or are co-borrowers with respect to, Superior's asset-based revolving credit facility. Interest on the notes will be payable semi-annually in arrears. The maturity date, interest rate and other ...