Date Closed

March 22, 2024

Lead Office

Calgary

Value

300.00 Million CAD

On March 22, 2024, SECURE Energy Services Inc. ("SECURE") successfully closed its previously announced private offering (the "Offering") of C$300 million aggregate principal amount of 6.750% senior unsecured notes due March 22, 2029 (the "Notes") at an issue price of $100.00, representing a yield of 6.750%. The Offering was underwritten by a syndicate of underwriters with BMO Capital Markets and National Bank Financial Markets acting as joint bookrunners, ATB Securities Inc. as co-lead manager, and CIBC World Markets Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Scotia Capital Inc., and RBC Dominion Securities Inc. as co-managers (collectively, the "Underwriters").

SECURE used the net proceeds of the Offering to fund the redemption of all of the outstanding 7.25% senior unsecured notes due 2026 at a redemption price of 103.625% of the principal amount of the 2026 Notes, plus accrued and unpaid interest up to, but excluding, the redemption date, being approximately C$358 million.

SECURE is a leading waste management and energy infrastructure business headquartered in Calgary, Alberta.

McCarthy Tétrault assisted SECURE with a team led by John Piasta that included Andrew Parker, Farhiyah Shariff, Ashley Wilson and Karsten Carriere (Business).