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): August 13, 2012

 

 

SUPERIOR ENERGY SERVICES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		001-34037		75-2379388
(State or other jurisdiction)		(Commission File Number)		(IRS Employer Identification No.)

 

11000 Equity Dr., Suite 300 Houston, TX				77041
(Address of principal executive offices)				(Zip Code)

(281) 999-0047

(Registrant’s 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:

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 8.01. Other Events.

On August 13, 2012, Superior Energy Services, Inc. (the “Company”) issued a press release announcing that SESI, L.L.C. (“SESI”), a wholly owned subsidiary of the Company, has issued a notice on August 10, 2012 (the “Redemption Notice”) to holders of its outstanding 6⁷/₈% Senior Notes due 2014 (the “Notes”) of SESI’s intent to redeem $150.0 million of the outstanding Notes on August 21, 2012.

A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. A copy of the Redemption Notice is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit Number		Description
99.1		Press release issued by Superior Energy Services, Inc., dated August 13, 2012
99.2		Redemption Notice to Holders of 6 7/8% Senior Notes due 2014

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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.

 

Dated: August 14, 2012

Exhibit 99.1

 

		11000 Equity Drive, #300 Houston, TX 77041-8240 NYSE: SPN (281) 999-0047

FOR FURTHER INFORMATION CONTACT:

David Dunlap, President and CEO, (281) 999-0047;

Robert Taylor, CFO or Greg Rosenstein, EVP, (504) 587-7374

SUPERIOR ENERGY SERVICES, INC. ISSUES NOTICE OF

REDEMPTION FOR $150 MILLION OF ITS 6 ⁷/₈% SENIOR NOTES

HOUSTON, August 13, 2012 – Superior Energy Services, Inc. (NYSE: SPN) today announced that SESI, L.L.C. (“SESI”), a wholly owned subsidiary of the Company, has issued a notice (the “Redemption Notice”) to holders of its outstanding 6 ⁷/₈% Senior Notes due 2014 (the “Notes”) of SESI’s intent to redeem $150 million of the outstanding Notes on August 21, 2012.

Superior Energy Services, Inc. serves the drilling, completion and production-related needs of oil and gas companies worldwide through its brand name drilling products and its integrated completion and well intervention services and tools, supported by an engineering staff who plan and design solutions for customers.

Exhibit 99.2

NOTICE OF REDEMPTION TO THE HOLDERS

OF

SESI, L.L.C.

6⁷/₈% SENIOR NOTES DUE 2014

(CUSIP No. [78412F AF1])*

NOTICE IS HEREBY GIVEN THAT, pursuant to paragraph 5 of the 6⁷/ ₈% Senior Notes due December 1, 2014 (the “Notes) and in accordance with Section 3.07(c) of the Indenture dated as of May 22, 2006 (the “Indenture”) among SESI, L.L.C., a Delaware limited liability company (the “Company”), Superior Energy Services, Inc., a Delaware corporation, the subsidiary guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), the Company has elected to redeem $150,000,000 of the outstanding Notes on August 21, 2012 (the “Redemption Date”), at the redemption price of 100.000% of the face amount thereof (the “Redemption Price”), plus any accrued and unpaid interest thereon. The Notes are being redeemed in part, by fifty percent (50%) of the principal of amount of each Note, and after the Redemption Date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note.

On the Redemption Date, the Redemption Price will be paid on the Notes. In addition, on the Redemption Date, any accrued and unpaid interest to (but not including) the Redemption Date will be paid on the Notes. Unless the Company shall default in the payment of such amounts, interest on the Notes will cease to accrue on and after the Redemption Date and the only remaining right of the holder of the Notes after such date will be to receive payment of the Redemption Price, plus any accrued and unpaid interest to (but not including) the Redemption Date, upon surrender of the Notes to The Bank of New York Mellon Trust Company, as paying agent (the “Paying Agent”).

To collect the Redemption Price and any accrued and unpaid interest, the Notes must be presented and surrendered to the Paying Agent on or after the Redemption Date at the offices of the Paying Agent at:

 

HAND DELIVERY – NY Drop		OVERNIGHT MAIL:		BY MAIL:
The Bank of New York Mellon		The Bank of New York Mellon		The Bank of New York Mellon
Trust Company, N.A.		Trust Company, N.A.		Trust Company, N.A.
Bond Redemption Unit (Lobby)		111 Sanders Creek Parkway		111 Sanders Creek Parkway
101 Barclay Street		East Syracuse, NY 13057		East Syracuse, NY 13057
New York, NY 10286

The method of delivery is at the option and risk of the holder. If delivered by mail, certified or registered mail, properly insured, is recommended for your protection.

 

		SESI, L.L.C.
Dated: August 10, 2012		By:		Superior Energy Services, Inc.
		Its:		Managing Member
		By:		/s/ Robert S. Taylor
		Name:		Robert S. Taylor
		Title:		Executive Vice President, Chief Financial Officer and Treasurer

 

*	No representation is made as to the accuracy of the CUSIP numbers either as printed on the Notes or as set forth in this Notice of Redemption.

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U.S. FEDERAL INCOME TAX LAW MAY REQUIRE THE WITHHOLDING OF 31% OF ANY PAYMENTS TO HOLDERS PRESENTING THEIR NOTES FOR REDEMPTION WHO HAVE FAILED TO FURNISH A TAXPAYER IDENTIFICATION NUMBER OR CERTIFICATE OF NON-U.S. STATUS, CERTIFIED TO BE CORRECT UNDER PENALTY OF PERJURY. HOLDERS MAY ALSO BE SUBJECT TO A PENALTY OF $50 FOR FAILURE TO PROVIDE SUCH NUMBER. THEREFORE, PLEASE PROVIDE THE APPROPRIATE CERTIFICATION (SUCH AS U.S. TAX FORM W-8 OR W-9, AS APPLICABLE) WHEN PRESENTING YOUR SECURITIES FOR PAYMENT. HOLDERS MAY ALSO BE SUBJECT TO CIVIL AND CRIMINAL PENALTIES FOR PROVIDING FALSE INFORMATION.