Basic Energy Services (BAS) Closes $225M Senior Note Exchange Offer
Basic Energy Services, Inc. (NYSE: BAS) announced today that it has closed the exchange offer relating to its 11.625% Senior Secured Notes due 2014. Basic's offer to exchange up to $225,000,000 aggregate principal amount of its 11.625% Senior Secured Notes due 2014, Series A that were not registered under the Securities Act of 1933, as amended, for an equal principal amount of its 11.625% Senior Secured Notes due 2014, Series B that have been registered under the Securities Act expired on November 19, 2009, at 5:00 p.m. New York City time.
On November 25, 2009, Basic closed the exchange offer.
Basic accepted for exchange all Old Notes validly tendered and not withdrawn. Basic received and accepted tenders of $225,000,000 aggregate principal amount of Old Notes, or 100% of the Old Notes that were outstanding.
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