Latham & Watkins Advised On Superior Energy’s US$175 Million Tack-On Offering Of Senior Secured Notes

Latham & Watkins Advised on Superior Energy’s US$175 Million Tack-On Offering of Senior Secured Notes

Latham & Watkins advised on Superior Energy Services, Inc.’s US$175 million tack-on offering of senior secured notes. Superior Energy Services, Inc. (Superior) has announced that its wholly owned subsidiary, SESI, L.L.C., has priced the previously announced offering of US$175 million aggregate principal amount of its 7.875% Senior Secured Notes due 2030. The net proceeds of the offering will be used to fund Superior’s previously announced acquisition of Abaco Energy Technologies, a leading global provider of proprietary power section technologies for downhole drilling, completion, and remediation operations.

The Latham & Watkins LLP team led by Austin David Miller (Partner), and Samuel Rettew (Partner), with Paul Robe (Associate), Cooper Shear (Associate), Luisa Gomez Yokubaitis (Associate), and Jack Bergantino (Associate). Advice on tax matters was also provided by Houston Bryant Lee (Partner), with Lucas Migliano (Associate) on environmental, health, and safety matters by Los Angeles Joshua Marnitz (Partner), with Bruce Johnson (Associate), and on finance matters by Houston Pamela Kellet (Partner), with Kyle Dudney (Associate).

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