CES Energy Solutions Corp. announced that it has closed its previously announced private placement of $200 million aggregate principal amount of 6.875% senior unsecured notes due May 24, 2029. The net proceeds from the issuance of the Notes, together with draws on the Company's senior syndicated credit facility, will be used to repay the $250 million secured Canadian Term Loan Facility on more attractive terms, providing a maturity extension to 2029 to further strengthen the capital structure to meet the needs of the Company while reducing the cost of capital. BMO Capital Markets and TD Securities acted as joint active bookrunning managers for the private placement, in a syndicate that also included Scotiabank as joint bookrunning manager, ATB Capital Markets, RBC Capital Markets and Wells Fargo Securities Canada Ltd. as co-lead managers, and CIBC Capital Markets, National Bank Financial Markets, Peters & Co.

Limited, Raymond James and Stifel Canada as co-managers.