August 16, 2024 – Moss Creek Resources Holdings, Inc. (the “Company”), a wholly-owned subsidiary of Surge Energy US Holdings Company, announced today that it completed an offering of $750.0 million aggregate principal amount of 8.25% senior unsecured notes due 2031.  The offering was closed on August 15, 2024.

The Company intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of its outstanding 7.500% Senior Notes due 2026 and 10.500% Senior Notes due 2027. The completion of the offering is not contingent upon the completion of the redemptions.  This refinancing is estimated to save the company approximately $25 million in interest annually.

Contact Information

For Surge:
Travis Guidry
Vice President of Corporate Development & Investor Relations
Email: TGuidry@surgeenergya.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@surgeenergya.com
Phone: 832-333-2400