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CES Energy Solutions Refinances Its 6.875% Senior Unsecured Notes With 5.625% Senior Unsecured Notes

BY MT Newswires | CORPORATE | 07:02 AM EDT

07:02 AM EDT, 06/04/2026 (MT Newswires) -- CES Energy Solutions (CESDF) entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement, $300.0 million of its 5.625% senior unsecured notes due June 15, 2033, it said overnight Wednesday.

The offering is expected to close on or about June 15, subject to closing conditions.

Proceeds will be used to fund the redemption of the company's $275.0 million 6.875% 2029 Notes and partially repay amounts outstanding under its senior credit facility, extending its debt maturity profile to 2033, reducing its cost of capital, and further strengthening and preserving its overall capital structure on attractive terms to support its existing business and future growth objectives, it said. The company will issue a conditional notice to redeem its 2029 Notes at a redemption price of 103.438%, plus accrued and unpaid interest to, but not including the redemption date, it added.

Shares of the company closed up 0.9% to $17.82 on Wednesday on the Toronto Stock Exchange.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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