SUPERIOR ENERGY SERVICES, INC. (NYSE:SPN) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On August17, 2017, the Company, SESI, the Subsidiary Guarantors and the Trustee, as trustee, entered into a Supplemental Indenture (the “Supplemental Indenture”) to the Indenture dated as of December6, 2011, by and among the Company, SESI, the guarantors named therein and the Trustee, with respect to SESI’s 7.125% Senior Notes due 2021 (the “2021 Indenture”). The purpose of the Supplemental Indenture is to amend the 2021 Indenture to add the Subsidiary Guarantors as guarantors with respect to the 7.125% Senior Notes due 2021.
A copy of the Supplemental Indenture is attached hereto as Exhibit 4.2 and incorporated herein by reference. The foregoing description of the Supplemental Indenture is qualified in its entirety by reference to such exhibit.
| Item 1.01 | Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 of this report with respect to the Notes is incorporated by reference into this Item 1.01.
On August17, 2017, the Company issued a press release announcing the closing of the offering of $500.0 million Notes by SESI. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
On August17, 2017, the Company issued a press release announcing that SESI issued a notice on August17, 2017 (the “Redemption Notice”) to holders of its outstanding 6 3/8% Senior Notes due 2019 (the “2019 Notes”) of SESI’s intent to redeem all of the outstanding 2019 Notes on September18, 2017.
A copy of the redemption press release is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference. A copy of the Redemption Notice is attached to this Current Report on Form 8-K as Exhibit 99.3 and is incorporated herein by reference.
| Item 1.01 | Financial Statements and Exhibits. |
| 4.1 | Indenture, dated as of August17, 2017, among Superior Energy Services, Inc., SESI, L.L.C., the guarantors identified therein and The Bank of New York Mellon Trust Company, N.A. |
| 4.2 | Supplemental Indenture, dated as of August 17, 2017, among Superior Energy Services, Inc., SESI, L.L.C., the guarantors identified therein and The Bank of New York Mellon Trust Company, N.A. |
| 10.1 | Registration Rights Agreement, dated August 17, 2017, by and among SESI, L.L.C., Superior Energy Services, Inc., the subsidiary guarantors party thereto and J.P. Morgan Securities LLC as representative of the several initial purchasers. |
| 99.1 | Press release issued by Superior Energy Services, Inc. announcing the closing of the 2024 Notes Offering, dated as of August17, 2017. |
| 99.2 | Press release issued by Superior Energy Services, Inc. announcing the redemption of the 6⁄% Senior Notes due 2019, dated August17, 2017. |
| 99.3 | Redemption Notice to Holders of 6⁄% Senior Notes due 2019. |
SUPERIOR ENERGY SERVICES INC ExhibitEX-4.1 2 d438587dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 Execution Copy SESI,…To view the full exhibit click here
About SUPERIOR ENERGY SERVICES, INC. (NYSE:SPN)
Superior Energy Services, Inc. provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.
