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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 20, 2011
SUPERIOR ENERGY SERVICES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-34037
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75-2379388 |
(State or other jurisdiction)
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(Commission File Number)
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(IRS Employer Identification No.) |
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601 Poydras St., Suite 2400, New Orleans, Louisiana
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70130 |
(Address of principal executive offices)
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(Zip Code) |
(504) 587-7374
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligations of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 8.01 Other Events.
On April 20, 2011, Superior Energy Services, Inc. (the Company) issued a press release
announcing the offering of $400.0 million of new senior unsecured notes (the Notes) by SESI,
L.L.C. (SESI), its direct, wholly-owned subsidiary.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by
reference. The press release shall not constitute an offer to sell, or a solicitation of an offer
to buy, any of the Notes, nor shall there be any sale of the notes in any jurisdiction in which
such an offer, solicitation, or sale would be unlawful. The Notes will not be registered under the
Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold in the
United States absent registration or an applicable exemption from registration requirements. The
Notes are being offered only to qualified institutional buyers under Rule 144A and outside the
United States in compliance with Regulation S under the Securities Act.
Item 9.01 Financial Statements and Exhibits.
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(d) |
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Exhibits. |
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99.1 |
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Press release by Superior Energy Services, Inc., dated April 20,
2011, announcing the offering by SESI, L.L.C. of $400.0 million of
senior unsecured notes. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SUPERIOR ENERGY SERVICES, INC.
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By: |
/s/ Robert S. Taylor
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Robert S. Taylor |
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Chief Financial Officer |
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Dated: April 20, 2011
EXHIBIT INDEX
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Exhibit No. |
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Description |
99.1
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Press release by Superior Energy Services, Inc., dated April
20, 2011, announcing the offering by SESI, L.L.C. of $400.0
million of senior unsecured notes. |
exv99w1
Exhibit 99.1
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601 Poydras St., Suite 2400
New Orleans, LA 70130
NYSE: SPN
(504) 587-7374
Fax: (504) 362-1818
FOR FURTHER INFORMATION CONTACT:
David Dunlap, CEO; Robert Taylor, CFO;
Greg Rosenstein, VP of Investor Relations, (504) 587-7374 |
Superior Energy Services, Inc. Announces $400 Million Senior Note Offering
New Orleans, LA April 20, 2011 Superior Energy
Services, Inc. (NYSE: SPN) announced
today that SESI, L.L.C. (SESI), a direct, wholly-owned subsidiary of the Company, is proposing to
offer in a private placement $400.0 million in aggregate principal amount of senior unsecured
notes due 2019 (the Notes). The Notes being offered by SESI have not been and will not be
registered under the Securities Act of 1933, as amended (the Securities Act), and may not be
offered or sold in the United States absent registration or an applicable exemption from
registration requirements. The Notes are being offered only to qualified institutional buyers under
Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S under the
Securities Act.
SESI intends to use the net proceeds of the offering, together with available cash, to redeem,
on or about December 15, 2011, all of SESIs outstanding senior exchangeable notes due 2026. In
the interim, a portion of the net proceeds of the offering will be used to pay down all of SESIs
borrowings under its revolving senior credit facility. The remaining net proceeds will be invested
in one or more funds that invest solely in U.S. government backed securities until the exchangeable
notes are redeemed.
This press release shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any
such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135(c) under
the Securities Act.
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