Enerflex Ltd. Announces Redemption of 9.00% Senior Notes Due 2027
Core Viewpoint - Enerflex Ltd. has successfully completed the redemption of all its 9.00% Senior Secured Notes due 2027, utilizing proceeds from a private offering of $400 million in 6.875% senior notes due 2031 and funds from its secured revolving credit facility [1]. Group 1 - The redemption of the 9.00% Senior Secured Notes was facilitated by proceeds raised from the issuance of 2031 Notes [1]. - Enerflex issued $400 million in aggregate principal amount of 6.875% senior notes due 2031, which were issued at par and guaranteed on a senior unsecured basis by the Company [1]. - The Company does not intend to register the 2031 Notes or the related guarantees under the Securities Act or any state securities laws [2].