Globenewswire·2025-12-01 22:42Core Viewpoint - Enerflex Ltd. has announced a private offering of $400 million in senior notes, which will be used to redeem existing higher-interest notes, indicating a strategic move to optimize its debt structure and reduce interest expenses [1][2]. Group 1: Offering Details - Enerflex Inc., a wholly owned subsidiary, priced the offering of $400 million in 6.875% senior notes due 2031, which will be issued at par [1]. - The offering is expected to close on December 11, 2025, subject to customary closing conditions [1]. - The net proceeds from the offering, along with borrowings from the secured revolving credit facility, will be used to fully redeem the outstanding 9.000% Senior Secured Notes due 2027 at a redemption price of 102.25% of the principal amount [2]. Group 2: Regulatory and Compliance Information - The notes are being offered in a private offering relying on exemptions from the registration requirements of the Securities Act of 1933 and applicable Canadian securities laws [3]. - The notes and guarantees have not been registered under the Securities Act or any state securities laws, and Enerflex does not intend to register them [4]. Group 3: Forward-Looking Information - The news release contains forward-looking information regarding the completion of the offering and the intended use of proceeds for redeeming the 2027 Notes [6][7]. - Management's expectations are based on various assumptions, including the satisfaction of customary closing conditions and the timely receipt of net proceeds [8].