Superior Energy Unit Raises $500M

Superior Energy Services’ unit, SESI, has raised $500 million through the sale of senior unsecured notes in the 144a private placement market, Reuters reports. The company initially planned to sell notes worth $400 million.

The notes, maturing on May 2, 2019, will carry a coupon rate of 6.375%. The joint bookrunning managers for the deal were JP Morgan, Wells Fargo Securities, Bank ofAmerica Merrill Lynch and BNP Paribas.

Click here for the story from Reuters.