Superior Energy Services, Inc. (Superior) has announced that its wholly owned subsidiary SESI, L.L.C. (SESI) has priced the previously announced offering of US$200 million aggregate principal amount of its 7.875% senior secured notes due 2030 (the Secured Notes) at a price of 100.5%. The new notes will be issued under the indenture dated as of October 9, 2025, pursuant to which Superior previously issued US$775 million aggregate principal amount of Secured Notes. The proceeds of the offering will be used to fund the company’s previously announced acquisition of Sonic Holdings, LLC, a leading provider of proprietary electric feed through technologies, production equipment, drilling wellheads, and associated aftermarket services.
Latham & Watkins LLP advised the initial purchasers in the offering with a Capital Markets team led by Austin partners David Miller and Samuel Rettew, with associates Cooper Shear, Luisa Gomez Yokubaitis, and Graham Core. Advice on tax matters was also provided by Houston partner Bryant Lee, with associate Lucas Migliano; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Bruce Johnson; and on finance matters by Houston partner Pamela Kellet.
