Mr. Ken Zinger reports

CES ENERGY SOLUTIONS CORP. ANNOUNCES CLOSING OF $75 MILLION REOPENING OF SENIOR UNSECURED NOTES

CES Energy Solutions Corp. has closed its previously announced private placement offering of an additional $75-million aggregate principal amount of its 6.875 per cent senior unsecured notes due May 24, 2029, representing an additional issuance to the $200-million aggregate principal amount of 6.875 per cent senior unsecured notes issued on May 24, 2024. Following the closing of the offering, there will be $275-million aggregate principal amount of initial notes and notes outstanding.

The notes were issued at a price of 103.125 per cent of their face value (plus accrued interest from May 24, 2025, to, but excluding, the date of the closing of the offering), with a yield to worst of 5.559 per cent. The notes have substantially identical terms (other than issuance date, issuance price and initial interest accrual date) and are fungible (following the expiry of the applicable statutory hold period) with the initial notes, and are issued as part of the same series. The net proceeds from the issuance of the notes will be used to repay outstanding indebtedness on the company's senior syndicated credit facility and for general corporate purposes.

"We are pleased to announce the successful closing of our $75-million senior unsecured notes offering, which was completed at an attractive price reflecting the strength of our business. The financing further improves our capital structure and provides ample liquidity to support potential future growth opportunities," said Anthony Aulicino, executive vice-president and chief financial officer.

BMO Capital Markets and Scotiabank acted as joint active bookrunning managers for the private placement in a syndicate that also included TD Securities as joint bookrunning manager, ATB Capital Markets, RBC Capital Markets, National Bank Capital Markets and Wells Fargo Securities as co-lead managers, and CIBC Capital Markets, Peters & Co. Ltd. and Raymond James as co-managers.

About CES Energy Solutions Corp.

CES is a leading provider of technically advanced consumable chemical solutions throughout the life cycle of the oil field. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pumpjack, and finally through to the pipeline and mid-stream market. CES's business model is relatively asset light and requires limited reinvestment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.