CES Energy Solutions Corp (TSE:CEU) has released an update.
CES Energy Solutions Corp. announces a private placement offering of $200 million in 6.875% senior unsecured notes due in 2029, aimed at repaying their existing $250 million Canadian Term Loan Facility and improving their capital structure. The offering is managed by a syndicate led by BMO Capital Markets and TD Securities, with the intention to leverage the proceeds and credit facility draws to settle the term loan. The notes are offered in Canada and to qualified institutional buyers in the U.S., aiming to enhance CES’s financial flexibility and support their asset-light business model.
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