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CES Energy to redeem 6 3/8% notes due 2024 on Nov. 30 at par
By Marisa Wong
Los Angeles, Oct. 19 – CES Energy Solutions Corp. will redeem all of its C$288 million outstanding 6 3/8% senior notes due Oct. 21, 2024 on Nov. 30, according to a press release.
The redemption price is par plus accrued interest to but excluding the redemption date.
CES will redeem the notes by drawing down on its available C$250 million Canadian term loan facility, with the balance of about C$38 million to be drawn from its C$450 million syndicated credit facility, which had a net draw of C$120.2 million at June 30.
CES is a Calgary, Alta.-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield.
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