Tervita Corporation announced that, in connection with its previously announced consent solicitation with respect to proposed amendments to the indenture governing its 11.000% Senior Second Lien Secured Notes due 2025 and to the Amended and Restated Collateral Trust Agreement dated as of November 19, 2020 Tervita had received, as of on April 16, 2021, consents from the holders of more than 50% of the aggregate principal amount of the then outstanding Notes. Tervita, the subsidiary guarantors party thereto, and the trustees party to the Indenture entered into a supplemental indenture to the Indenture on April 16, 2021 to give effect to the Proposed Amendments relating to the Indenture. The purpose of the Proposed Amendments is to facilitate the previously announced arrangement with SECURE Energy Services Inc. ("SECURE"), pursuant to which Tervita and SECURE will combine their businesses in an all-share transaction pursuant to which SECURE will acquire all of the issued and outstanding common shares of Tervita on the basis of 1.2757 common shares of SECURE for each outstanding Tervita Share by way of a plan of arrangement under the Business Corporations Act (Alberta). The closing of the Arrangement is subject to customary closing conditions, which require, among others, the approval under the Competition Act (Canada), approval of the Toronto Stock Exchange, the receipt of a final order of the Court of Queen's Bench of Alberta approving the Arrangement and the effectiveness of a new credit facility negotiated by SECURE for the combined entity. Subject to the terms and conditions in the Consent Solicitation Statement dated April 12, 2021 including consummation of the Arrangement, Tervita will pay to the paying agent for the benefit of eligible holders of Notes who validly delivered and did not validly revoke their consents on or prior to the Expiration Time, a cash payment equal to USD 2.50 per USD 1,000 in aggregate principal amount of the Notes consented. The Proposed Amendments will not become operative unless the Arrangement is consummated and the Consent Payment is made. The Consent Payment will only be paid upon the completion of the Arrangement, and Tervita expects to make the Consent Payment on or promptly after the date of the closing of the Arrangement.