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)
The following is a press release issued by Superior Energy Services, Inc. on January 27, 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 AGREEMENT IN
PRINCIPLE WITH AD HOC GROUP OF BONDHOLDERS IN
CONNECTION WITH EXCHANGE OFFER AND CONSENT
SOLICITATION FOR SENIOR NOTES OF SESI, L.L.C.
Houston, January 27, 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 reached an agreement in principle with a steering committee (the Steering Committee) of holders of 34.210% of SESIs $800 million aggregate
principal amount of outstanding 7.125% Senior Notes due 2021 (the Original Notes). The Steering Committee is also working together with other noteholders (collectively with the Steering Committee, the Ad Hoc Group) and the Ad
Hoc Group owns 61.369% of the aggregate principal amount of outstanding Original Notes. SESI has agreed to amend certain terms of its previously announced offer to exchange up to $500 million of the Original Notes for up to $500 million of
newly issued 7.125% Senior Notes due 2021 (the New Notes) and cash (as to be amended as described below, the Exchange Offer), 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 releases dated January 16, 2020 and January 22, 2020, and as may be further amended or supplemented from time to time, the Offering Memorandum
and Consent Solicitation Statement). All capitalized terms used but not defined in this press release have the meanings given to them in Superior Energys press release announcing the commencement of the Exchange Offer and Consent
Solicitation, dated January 6, 2020 or the Offering Memorandum and Consent Solicitation Statement, as applicable.