June 17 - Independent oil and gas company Quicksilver Resources Inc (KWK.N) said it plans to raise about $425 million through an offering of senior notes due 2016.
The company intends to use the net proceeds from this offering, and the net proceeds from its previously announced sale of an interest in certain oil and gas leases and related assets, to repay its remaining debt under its second lien term loan facility due 2013, it said in a statement.
Credit Suisse, Deutsche Bank Securities and J.P. Morgan are acting as joint book-running managers.
Shares of Fort Worth, Texas-based company closed at $11.66 Wednesday on the New York Stock Exchange.
The company intends to use the net proceeds from this offering, and the net proceeds from its previously announced sale of an interest in certain oil and gas leases and related assets, to repay its remaining debt under its second lien term loan facility due 2013, it said in a statement.
Credit Suisse, Deutsche Bank Securities and J.P. Morgan are acting as joint book-running managers.
Shares of Fort Worth, Texas-based company closed at $11.66 Wednesday on the New York Stock Exchange.
