Basic Energy Services Commences Private Exchange Offer and Consent Solicitation - Seite 2

The following table set forth certain terms of the Exchange Offer:

 

 

 

 

Principal Amount of New Notes(1)

CUSIP Number and
ISIN of Existing Notes

 

Title of Existing
Notes

 

Principal Amount
of Existing Notes
Outstanding

 

Early Exchange
Consideration if Tendered
prior to the Early Deadline

 

Exchange
Consideration if
Tendered after the
Early Deadline

CUSIP: 06985PAN0 / U06858AG6
ISIN: US06985PAN06 / USU06858AG62)

 

10.75% Senior
Secured Notes
due 2023

 

$300,000,000

 

$400 principal amount
of New Notes.

 

$350 principal
amount of New
Notes.

(1)

For each $1,000 principal amount of Existing Notes, as applicable.

The Exchange Offer, Rights Offering and Consent Solicitation are being made upon the terms and conditions set forth in the Confidential Offering Memorandum dated November 5, 2020 (the “Offering Memorandum”), copies of which will be made available to holders of the Existing Notes eligible to participate in the Exchange Offer. The Exchange Offer and Consent Solicitation will expire at 11:59 p.m., New York City time, on December 4, 2020, unless such date is extended or earlier terminated (such date and time, as they may be extended, the “Expiration Time”). Eligible holders that validly tender their Existing Notes and do not validly withdraw such Existing Notes at or prior to 5:00 p.m., New York City time, on November 19, 2020 (such date and time, as it may be extended, the “Early Deadline”) will receive the Early Exchange Consideration for the applicable Existing Notes accepted in the Exchange Offer. “Early Exchange Consideration” means, for each $1,000 principal amount of Existing Notes validly tendered by the eligible holder and accepted by Basic, the consideration set forth in the table above under the heading “Early Exchange Consideration if Tendered prior to the Early Deadline.” Eligible holders who validly tender Existing Notes after the Early Deadline, but prior to the Expiration Time, will receive the consideration set forth in the table above under the column heading “Exchange Consideration if Tendered after the Early Deadline” (the “Exchange Consideration”). In each case, the consideration received will be subject to the New Notes Cap and, if applicable, proration. If the aggregate principal amount of the New Notes required to exchange all Existing Notes validly tendered and not validly withdrawn at or prior to the Early Deadline exceeds the New Notes Cap, then holders who validly tender their Existing Notes after the Early Deadline will not have their Existing Notes accepted in the Exchange Offer.