Latham Advises on Superior Energy’s US$650 Million Senior Unsecured Notes Offering

Superior Energy Services, Inc. (Superior) has announced that its wholly owned subsidiary SESI, L.L.C. (SESI) has priced its previously announced offer of US$650 million aggregate principal amount of 9.5% senior unsecured notes due 2033 at par in a private placement to eligible purchasers. The net proceeds will be used in connection with SESI’s previously announced acquisition of Welltec International. Latham previously advised on the acquisition financing for the acquisition.

Latham & Watkins LLP advised the initial purchasers on the transaction with a corporate deal team led by Austin partners David Miller and Sam Rettew, with associates Luisa Yokubaitis, Marvin Thiele, and Jordan Bailey. Advice was also provided on tax matters by Houston partner Bryant Lee, with associate Lucas Migliano; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Bruce Johnson; and on finance matters by Houston partner Pamela Kellet. Advice was also provided on sanctions matters by Washington, D.C. counsel Ruchi Gill and London counsel Thomas Lane, with associates C.J. Rydberg and Christine Kalpin.