Latham & Watkins Advises on Superior Energy’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.

Latham & Watkins LLP advised the initial purchasers in the offering, with a Capital Markets team led by Austin partners David Miller and Samuel Rettew, with associates Paul Robe, Cooper Shear, Luisa Gomez Yokubaitis, and Jack Bergantino. Advice on tax matters was also provided by Houston partner Bryant Lee, with associate Lucas Migliano; on environmental, health, and safety matters by Los Angeles partner Joshua Marnitz, with associate Bruce Johnson; and on finance matters by Houston partner Pamela Kellet, with associate Kyle Dudney.