Home

Quicksilver Resources prices $475M notes offering

By Associated Press
June 24, 2008 | Comments (0)

Recs

0

Natural gas and oil producer Quicksilver Resources Inc. on Tuesday priced a $475 million offering of senior notes.

The company plans to use proceeds of the offering to pay back debt.

The notes bear interest at a rate of 7.75 percent per year, come due in 2015 and will be issued at a price equal to 98.655 percent of the principal to yield 8 percent.

Quicksilver expects the sale to close Friday. Credit Suisse and Banc of America Securities LLC are underwriters.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 671426, ~/articles/articlehandler.aspx, 12/2/2008 3:52:30 AM,

Sign up for FREE Motley Fool site access to keep reading:

“Quicksilver Resources prices $475M notes offering”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.