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 24, 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 EXPIRATION OF EXCHANGE OFFER AND CONSENT SOLICITATION FOR SENIOR NOTES
OF SESI, L.L.C.
Houston, February 24, 2020 Superior Energy Services, Inc. (Superior Energy) (NYSE: SPN)
today announced the expiration of the previously announced offer by its wholly owned subsidiary, SESI, L.L.C. (SESI or the Issuer), to exchange up to $635 million of SESIs $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) (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 and supplemented by the press releases dated January 16, 2020, January 22, 2020, January 31, 2020,
February 14, 2020, February 19, 2020 and February 20, 2020 issued by Superior Energy and Supplement No. 1 to the Offering Memorandum and Consent Solicitation Statement, dated as of January 31, 2020, 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.
The Exchange Offer and Consent
Solicitation expired at 5:00 p.m., New York City time, on February 21, 2020 (the Expiration Time). As of the Expiration Time, $617.94 million aggregate principal amount of outstanding Original Notes had been validly tendered for exchange
and not withdrawn, representing 77.24% of the aggregate principal amount of Original Notes outstanding upon commencement of the Exchange Offer. SESI has accepted all validly tendered Original Notes and expects to issue $617.94 million aggregate
principal amount of New Notes upon the settlement of the Exchange Offer, which is expected to occur today.
In connection with the Exchange Offer, SESI
also solicited consents (the Consent Solicitation and, together with the Exchange Offer, the Exchange Offer and Consent Solicitation) from eligible holders of the Original Notes to amend (the Proposed Amendment)
the indenture dated