New Issue-Quicksilver Resources sells $300 mln notes

Tue Aug 11, 2009 6:00pm EDT
 
[-] Text [+]
 Aug 11 (Reuters) - Quicksilver Resources Inc (KWK.N) on
Tuesday sold $300 million of senior notes, said IFR, a Thomson
Reuters service.
 The size of the deal was increased from an originally
planned $250 million.
 Credit Suisse, Deutsche Bank, Bank of America and JP Morgan
were the joint bookrunning managers for the sale.
BORROWER: QUICKSILVER RESOURCES INC
AMT $300 MLN      COUPON 9.125 PCT    MATURITY 8/15/2019 
TYPE SR NOTES     ISS PRICE 97.612    FIRST PAY 2/15/2010
MOODY'S B2        YIELD 9.50 PCT      SETTLEMENT 8/14/2009
S&P SINGLE-B      SPREAD 582 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YEARS*
* MAKE-WHOLE CALL 50 BPS

 

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