Secure Energy Services Inc. announced that it has delivered a notice of redemption (the "Redemption Notice") for all of its outstanding 7.25% Senior Unsecured Notes due 2026 (the "Notes") effective March 5, 2024. The aggregate principal amount of the Notes currently outstanding is $340 million. As set in the Redemption Notice, the redemption date will be March 22, 2024 ("the Redemption Date"), and the redemption price is 103.625% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the Redemption Date, all in accordance with the provisions of the indenture governing the Notes (the "Redemption").

Redeeming the Notes will alleviate restrictive covenants associated with shareholder returns. Looking ahead, SECURE will continue to optimize its capital structure to provide increased financial flexibility in support of the Corporation's strategic initiatives.