Simpson Thacher represented the initial purchasers, led by TD Securities (USA) LLC, in connection with the 144A/Regulation S offering of US$400 million aggregate principal amount of 6.875% Senior Notes due 2031 by Enerflex Inc., a subsidiary of Enerflex Ltd. (“Enerflex”).
Enerflex intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to redeem all of its outstanding 9.000% Senior Secured Notes due 2027.
Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions.
The Simpson Thacher team included David Azarkh, Brian Rosenzweig, Maggie Selbe, Ryan Poché, Suzannah Ranzo, Andrew Scattergood and Walker Montjoy (Capital Markets); Michael Mann (Tax); George Gerstein (ECEB); Corina Holland (IP); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).