NEW YORK (S&P Global Ratings) Nov. 4, 2026--S&P Global Ratings today assigned its ‘B+’ issue-level rating and ‘4’ recovery rating to SESI LLC ’s (wholly owned subsidiary of Superior Energy Services Inc. ; B+/Watch Positive) proposed $650 million senior unsecured notes due in 2033. The ‘4’ recovery rating indicates our expectation for average (30%-50%; rounded estimate: 45%) recovery to creditors in the event of a payment default. Our issue-level rating on the unsecured notes is on CreditWatch with positive implications, indicating at least a 1-in-2 chance that we upgrade at close of the proposed Welltec International ApS acquisition. SESI plans to use net proceeds with cash on hand and new equity from financial sponsor GoldenTree Asset Management L.P. to help
