$CEU.TO

CES Energy Solutions Refinances Its 6.875% Senior Unsecured Notes With 5.625% Senior Unsecured Notes

CES Energy Solutions (CEU.TO) entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement, $300.0 million of its 5.625% senior unsecured notes due June 15, 2033, it said overnight Wednesday.The offering is expected to close on or about June 15, subject to closing conditions.Proceeds will be used to fund the redemption of the company's $275.0 million 6.875% 2029 Notes and partially repay amounts outstanding under its senior credit facility, extending its debt maturity profile to 2033, reducing its cost of capital, and further strengthening and preserving its overall capital structure on attractive terms to support its existing business and future growth objectives, it said. The company will issue a conditional notice to redeem its 2029 Notes at a redemption price of 103.438%, plus accrued and unpaid interest to, but not including the redemption date, it added.Shares of the company closed up 0.9% to $17.82 on Wednesday on the Toronto Stock Exchange.

CES Energy Solutions Announced Refinancing of Its 6.875% Senior Unsecured Notes With 5.625% Senior Unsecured Notes

CES Energy Solutions Downgraded To Sector Perform From Outperform, C$20 Target Unchanged at National Bk On "Relative Performance/Seasonality"

CES Energy Solutions Downgraded To Sector Perform From Outperform, C$20 Target Unchanged at National Bk On "Relative Performance/Seasonality"

Earnings Flash (CEU.TO) CES Energy Solutions Reports Q1 Record Revenue $681.5M, Up 8% YoY

RBC Picks Enerflex, CES as Preferred Oil, Gas Services Equities Ahead of Q1 Earnings Season

RBC Capital Markets said Tuesday that Enerflex (EFX.TO) and CES Energy Solutions (CEU.TO) are part of its list of preferred oil and gas services companies ahead of the first-quarter earnings reporting season.RBC said Enerflex remains part of its Global Energy Best Ideas list, adding that its estimates are above the street forecast amid solid market fundamentals.Meanwhile, RBC downgraded Trican Well Service (TCW.TO)'s rating to sector perform from outperform with a C$7.50 price target.RBC said its covered oil an gas services stocks have increased 36% this year, with US-focused firms generally outperforming those with Middle East exposure.Key themes though the course of the reporting season will be disruption caused by the Iran War and the ultimate rebuild and production re-ramp effort.In the US, public exploration and production companies continue to hold the line on spending, but incremental equipment supply tightness could drive pricing higher through the year, RBC said.Price: $30.96, Change: $+0.32, Percent Change: +1.04%