Secure Energy Services Inc. announced that it has entered into an underwriting agreement to sell, pursuant to a private placement (the "Offering"), $300 million aggregate principal amount of 6.75% senior unsecured notes due March 22, 2029 (the "Notes"). The Offering is being underwritten by BMO Capital Markets and National Bank Financial Markets as joint bookrunners, ATB Securities Inc. as co-lead manager, and CIBC World Markets Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Scotia Capital Inc., and RBC Dominion Securities Inc. as co-managers. The company intends to use the net proceeds of the Offering, together with cash on hand, to fund the previously announced redemption of $340 million in aggregate principal amount of 7.25% senior unsecured notes of SECURE due 2026 (the "2026 Notes") representing all of the outstanding 2026 Notes, at a redemption price of 103.625%, plus accrued and unpaid interest to, but not including, the redemption date of March 22, 2024.

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 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.