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 February 20, 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 EXPIRATION TIME FOR EXCHANGE OFFER AND CONSENT SOLICITATION
FOR SENIOR NOTES OF SESI, L.L.C.
Houston, February 20, 2020 Superior Energy Services, Inc. (Superior Energy) (NYSE: SPN) today announced that its
wholly owned subsidiary, SESI, L.L.C. (SESI), has elected to further extend the expiration time (as extended, the Expiration Time) for its previously announced offer to exchange (the Exchange Offer) up to
$635 million of its $800 million aggregate principal amount of outstanding 7.125% Senior Notes due 2021 (the Original Notes) for up to $635 million of newly issued 7.125% Senior Notes due 2021 (the New Notes),
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 and supplemented by the press release dated January 16, 2020,
January 22, 2020, January 31, 2020, February 14, 2020 and February 19, 2020 issued by Superior Energy and the Supplement No. 1 to the Offering Memorandum and Consent Solicitation Statement, dated January 31, 2020, as so amended,
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. As of 5:00 p.m., New York City time, on February 19, 2020, approximately $617.89 million, or
77.24% of the aggregate principal amount of Original Notes outstanding, had been validly tendered and not validly withdrawn pursuant to the Exchange Offer and Consent Solicitation.
The Expiration Time of the Exchange Offer has been further extended from 5:00 p.m., New York City time, on February 19, 2020, to 5:00 p.m., New York City
time, on February 21, 2020. The settlement date for the Exchange Offer will occur promptly after the Expiration Time and is expected to occur on February 24, 2020.