Ensign unit pays $205.1 million to redeem 3.97% notes, 4.54% notes

By Susanna Moon

Chicago, Jan. 11 – Ensign Energy Services Inc. said its Ensign US Financial (Delaware) LP subsidiary paid $205.1 million to redeem its 3.97% senior guaranteed notes due 2019 and 4.54% senior guaranteed notes due 2022 on Jan. 10.

Ensign used cash on hand and draws under its revolving credit facility to fund the call, according to a company update on Friday.

As announced Dec. 6, the notes were redeemed at par plus a make-whole amount and accrued interest to but excluding the redemption date.

Ensign Energy Services is an oilfield services contractor based in Calgary, Alta.

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