CES ENERGY SOLUTIONS CORP. ANNOUNCES OFFERING AND PRICING OF $75 MILLION REOPENING OF SENIOR UNSECURED NOTES

Executive Summary

• CES Energy Solutions Corp. announced a $75 million private placement of 6.875% senior unsecured notes due May 24, 2029, increasing total outstanding notes to $275 million.
• The notes are being issued at 103.125% of face value, yielding 5.559%, and are expected to close around October 23, 2025.
• Net proceeds will be used to repay debt on the company’s senior syndicated credit facility and for general corporate purposes, strengthening its capital structure and liquidity.

Key Details

• Offering Size: $75 million aggregate principal amount (additional to the $200 million issued in May 2024).
• Interest Rate: 6.875% per annum.
• Maturity Date: May 24, 2029.
• Issue Price: 103.125% of face value plus accrued interest from May 24, 2025 to the closing date.
• Yield to Worst: 5.559%.
• Closing Date: Expected on or about October 23, 2025, subject to customary conditions.
• Use of Proceeds:
• Repayment of outstanding indebtedness under CES’s senior syndicated credit facility.
• General corporate purposes, including further strengthening of capital structure and liquidity.
• Underwriters / Bookrunners:
• Joint active bookrunning managers: BMO Capital Markets, Scotiabank.
• Co‑lead managers: TD Securities (joint), ATB Capital Markets, National Bank Financial Markets, RBC Capital Markets, Wells Fargo Securities Canada.
• Co‑managers: CIBC Capital Markets, Peters & Co. Limited, Raymond James.
• Syndicate Structure: Private placement offered exclusively to non‑U.S. accredited investors; notes not registered under the U.S. Securities Act and exempt from Canadian prospectus requirements.
• Fungibility: New notes are fungible with the initial 2024 issuance after statutory hold period expiry, sharing identical terms except for issuance date, price, and initial interest accrual.

Notable Quotes

(No direct quotes were included in the release.)