Filed by Superior Energy Services, Inc.
(Commission File No. 001-34037)
Pursuant to Rule 425 under the Securities Act of 1933, as amended
and deemed filed Pursuant to Rule 14a-12
under the Securities Exchange Act of 1934, as amended
Subject Company: Superior Energy Services, Inc.
(Commission File No. 001-34037)
Date: January 22, 2020
The
following is a press release issued by Superior Energy Services, Inc. on January 22, 2020.
FOR FURTHER INFORMATION CONTACT:
Paul Vincent, VP of Treasury and Investor Relations, (713) 654-2200
1001 Louisiana St., Suite 2900
Houston, TX 77002
NYSE: SPN
SUPERIOR ENERGY SERVICES ANNOUNCES FURTHER EXTENSION
OF EARLY PARTICIPATION DATE AND EXTENSION OF EXPIRATION
TIME FOR EXCHANGE OFFER AND CONSENT SOLICITATION FOR
SENIOR NOTES OF SESI, L.L.C.
Houston,
January 22, 2020 Superior Energy Services, Inc. (Superior Energy) (NYSE: SPN) today announced that its wholly owned subsidiary, SESI, L.L.C. (SESI or the Issuer), has elected to
(i) further extend the early participation date for its previously announced offer to exchange (the Exchange Offer) up to $500 million of its $800 million aggregate principal amount of outstanding 7.125% Senior Notes due
2021 (the Original Notes) for up to $500 million (the Exchange Offer Maximum Amount) of newly issued 7.125% Senior Notes due 2021 (the New Notes) and cash, and (ii) extend the expiration time for the
Exchange Offer, in each case, upon the terms and subject to the conditions set forth in SESIs offering memorandum and consent solicitation statement, dated as of January 6, 2020 (as amended by the press release dated January 16,
2020, the Offering Memorandum and Consent Solicitation Statement).
The early participation date of the Exchange Offer has been further
extended from 5:00 p.m., New York City time, on January 22, 2020, to 5:00 p.m., New York City time, on January 29, 2020 (as the same may be further extended, the Early Participation Date). Tenders of Original Notes made
pursuant to the Exchange Offer (and related consents delivered pursuant to SESIs related solicitation of consents (the Consent Solicitation) from eligible holders of the Original Notes to amend (the Proposed Amendment)
the liens covenant in the indenture dated December 6, 2011,