Natural gas and oil producer Quicksilver Resources Inc. said Monday it will offer $300 million in senior notes due in 2015 to help pay off debt.
The offering is subject to market and other conditions, the company said in a release. The notes will be guaranteed on a senior basis by some of Quicksilver's domestic units.
The company will use the net proceeds from the offering to pay off part of its debt from a senior credit facility.
Credit Suisse and Banc of America Securities LLC will act as joint book-running managers.
Shares fell 3 cents to $40.75 in aftermarket trading. In the regular session, the stock gained $1.02, or 2.6 percent, to $40.78.
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