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Superior Energy Services Announces Further Extension Of Expiration Time For Exchange Offer And Consent Solicitation For Senior Notes Of SESI, L.L.C.
Superior Energy Services Announces Further Extension Of Expiration Time For Exchange Offer And Consent Solicitation For Senior Notes Of SESI, L.L.C..
About this update from Forbes Energy Services Ltd
[{"type":"text","content":"\n\n\n\nSuperior Energy Services Announces Further Extension Of Expiration Time For Exchange Offer And Consent Solicitation For Senior Notes Of SESI, L.L.C.\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\n\n\n\n\n\nSuperior Energy Services Announces Further Extension Of Expiration Time For Exchange Offer And Consent Solicitation For Senior Notes Of SESI, L.L.C.\nPR Newswire\nHOUSTON, Feb. 20, 2020\n\n\n\nHOUSTON, Feb. 20, 2020 /PRNewswire/ -- Superior Energy Services, Inc. (\"Superior Energy\") (NYSE: SPN) today announced that its wholly owned subsidiary, SESI, L.L.C. (\"SESI\"), has elected to further extend the expiration time (as extended, the \"Expiration Time\") for its previously announced offer to exchange (the \"Exchange Offer\") up to $635 million of its $800 million aggregate principal amount of outstanding 7.125% Senior Notes due 2021 (the \"Original Notes\") for up to $635 million  of newly issued 7.125% Senior Notes due 2021 (the \"New Notes\"), upon the terms and subject to the conditions set forth in SESI's offering memorandum and consent solicitation statement, dated as of January 6, 2020 (as amended and supplemented by the press release dated January 16, 2020, January 22, 2020, January 31, 2020, February 14, 2020 and February 19, 2020 issued by Superior Energy and the Supplement No. 1 to the Offering Memorandum and Consent Solicitation Statement, dated January 31, 2020, as so amended, the \"Offering Memorandum and Consent Solicitation Statement\"). All capitalized terms used but not defined in this press release have the meanings given to them in Superior Energy's press release announcing the commencement of the Exchange Offer and Consent Solicitation, dated January 6, 2020 or the Offering Memorandum and Consent Solicitation Statement, as applicable. As of 5:00 p.m., New York City time, on February 19, 2020, approximately $617.89 million, or 77.24% of the aggregate principal amount of Original Notes outstanding, had been validly tendered and not validly withdrawn pursuant to the Exchange Offer and Consent Solicitation.\nThe Expiration Time of the Exchang...