By Adriano Marchese

Secure Energy Services Inc. said Monday that it has agreed to sell 200 million Canadian dollars ($160.4 million) worth of senior unsecured notes in a private offering.

The Canadian public energy services company said the notes will be issued with a rate of 7.25% and due on Dec. 30, 2026.

The company said it will use the funds primarily toward the redemption of around $100 million of $500 million aggregate principal amount of an 11% senior second lien of Tervita Corp.

In early March, the company said it had entered into an agreement to acquire all issued and outstanding shares of Tervita in an all-share merger.

Secure Energy said it also would use the funds to pay down its debts.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

06-21-21 0742ET