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SECURE ANNOUNCES CONSENT SOLICITATION TO AMEND ITS 11.000% SENIOR SECURED NOTES DUE 2025
SECURE ANNOUNCES CONSENT SOLICITATION TO AMEND ITS 11.000% SENIOR SECURED NOTES DUE 2025 ...
About this update from Secure Waste Infrastructure Corp.
[{"type":"text","content":"\n \n \n \n SECURE ANNOUNCES CONSENT SOLICITATION TO AMEND ITS 11.000% SENIOR SECURED NOTES DUE 2025\n \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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n June 8, 2023\n \n \n /CNW/ - SECURE ENERGY Services Inc. (\"SECURE\" or the \"Corporation\") (TSX: SES), today announced that it has commenced a consent solicitation (the \"Solicitation\") with respect to proposed amendments (the \"Proposed Amendments\") to the indenture (the \"Indenture\") governing its 11.000% Senior Second Lien Secured Notes due 2025 (the \"Notes\") upon the terms and subject to the conditions set forth in the Consent Solicitation Statement dated\n \n June 8, 2023\n \n (the \"Statement\"). SECURE is soliciting consents from holders of record of the Notes as at\n \n 5:00 p.m.\n \n ,\n \n New York City\n \n time, on\n \n June 7, 2023\n \n (\"Holders\"). Subject to the terms and conditions set forth in the Statement, SECURE will pay eligible holders who validly deliver their consents on or prior to\n \n 5:00 p.m.\n \n ,\n \n New York City\n \n time, on\n \n June 16, 2023\n \n (as such date and time may be extended or earlier terminated by SECURE in its sole discretion in accordance with the Statement, the \"Expiration Time\"), and do not validly revoke such consents on or prior to the earlier of the Effective Time (as defined below) and the Expiration Time, a cash payment equal to\n \n US$5.00\n \n per\n \n US$1,000\n \n in aggregate principal amount of the Notes consented (the \"Consent Payment\"). The Consent Payment will only be payable upon and subject to the occurrence of, among other things, the receipt of the Requisite Consents (as defined below).\n \n \n SECURE is soliciting the consents to the Proposed Amendments for the purposes of fully aligning the restricted payment section under the Indenture with the comparable terms under the indenture governing SECURE's outstanding\n \n $340 million\n \n aggregate principal amount of 7.25% unsecured notes due 2026, which facilitates SECURE's delive...