CES Energy Solutions Corp. announced that it has entered into an underwriting agreement to sell, pursuant to a private placement (the ?Offering?), $200 million aggregate principal amount of 6.875% senior unsecured notes due May 24, 2029 (the ?Notes?). The Offering of Notes supports the repayment of CES' outstanding $250 million secured Canadian Term Loan Facility under more attractive terms and provides a maturity extension to 2029 to further strengthen the capital structure to meet the needs of the Company while reducing the cost of capital.

The Offering is being underwritten by BMO Capital Markets and TD Securities, as joint active bookrunning managers, in a syndicate that also includes Scotiabank as joint bookrunning manager, ATB Capital Markets, RBC Capital Markets and Wells Fargo Securities as co-lead managers, and CIBC Capital Markets, National Bank Financial Markets, Peters & Co. Limited, Raymond James and Stifel Canada as co-managers. CES intends to use the net proceeds of the Offering, together with draws on its senior syndicated credit facility, to repay its $250 million Canadian Term Loan Facility in full.

The Notes are being conditionally offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions. The Notes have not been registered under the United StatesSecurities Act of 1933 (the ?U.S. Securities Act?), or any state securities laws, and are being offered and sold in the United States only to qualified institutional buyers in reliance on Rule 144A under the U.S. Securities Act and applicable state securities laws and outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act.