August 27, 2024 – Moss Creek Resources Holdings, Inc. (the “Company”), a wholly-owned subsidiary of Surge Energy US Holdings Company, announced today that it has redeemed all outstanding principal of its 7.5% senior unsecured notes due 2026 and its 10.5% senior unsecured notes due 2027.  In aggregate, this debt redemption was approximately $999 million.  Redemption of the notes was completed with the proceeds from the issuance of the $750.0 million 8.25% senior unsecured notes due 2031 that closed on August 16, 2024, and cash from the balance sheet.

This refinancing reduces the Company’s gross long-term debt from approximately $999 million to $750 million and is estimated to save the Company approximately $25 million in interest annually.

Moss Creek Resources Holdings, Inc. Investor Relations
investorrelations@surgeenergya.com

Contact Information

Travis Guidry
Vice President of Corporate Development & Investor Relations
Email: TGuidry@surgeenergya.com

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