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CES ENERGY SOLUTIONS CORP. ANNOUNCES OFFERING AND PRICING OF $75 MILLION REOPENING OF SENIOR UNSECURED NOTES
CES ENERGY SOLUTIONS CORP. ANNOUNCES OFFERING AND PRICING OF $75 MILLION REOPENING OF SENIOR UNSE...
About this update from Ces Energy Solutions Corp
[{"type":"text","content":"\n\n\nCES ENERGY SOLUTIONS CORP. ANNOUNCES OFFERING AND PRICING OF $75 MILLION REOPENING OF SENIOR UNSECURED NOTES\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nCALGARY, AB, Oct. 15, 2025 /CNW/ - CES Energy Solutions Corp. (\"CES\" or the \"Company\") (TSX: CEU) (OTC: CESDF) announced today that it has entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement (the \"Offering\"), an additional $75 million aggregate principal amount of its 6.875% senior unsecured notes due May 24, 2029 (the \"Notes\"), representing an additional issuance to the $200 million aggregate principal amount of 6.875% senior unsecured notes issued on May 24, 2024 (the \"Initial Notes\"). Following the closing of the Offering, there is expected to be $275 million aggregate principal amount of Initial Notes and Notes outstanding.\nThe Notes will be issued at a price of 103.125% of their face value (plus accrued interest from May 24, 2025, to, but excluding, the date of the closing of the Offering), with a yield to worst of 5.559%. The Notes will have identical terms (except for their issuance date, issuance price, and initial interest accrual date) and be fungible (following the expiry of the applicable statutory hold period) with and be part of the same series as the Initial Notes. The Offering is expected to close on or about October 23, 2025, subject to customary closing conditions.\nThe net proceeds from the issuance of the Notes will be used to repay outstanding indebtedness on the Company's senior syndicated credit facility and for general corporate purposes, further strengthening CES' capital structure and liquidity.\nBMO Capital Markets and Scotiabank acted as joint active bookrunning managers for the private placement, in a syndicate that also included TD Securities as joint bookrunning manager, ATB Capital Markets, National Bank Financial Markets, RBC Capital Markets and Wells...