FORT WORTH, TX -- (Marketwire) -- 08/11/09 -- Quicksilver Resources Inc. (NYSE: KWK)
announced today that it priced its offering of $300 million aggregate
principal amount of Senior Notes due 2019. The notes will bear interest at
the rate of 9.125% per annum and will be issued at a price equal to 97.612%
of the principal amount thereof.
Quicksilver intends to use the net proceeds from the offering to repay a
portion of its borrowings under its senior secured credit facility.
J.P. Morgan, Credit Suisse, Deutsche Bank Securities and BofA Merrill Lynch
are acting as joint book-running managers. A preliminary prospectus
supplement and accompanying base prospectus relating to the offering have
been filed with the U.S. Securities and Exchange Commission and are
available on its website, www.sec.gov.
This press release does not constitute an offer to sell or a solicitation
of an offer to buy any securities, nor shall there be any sale of these
securities in any jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. A registration statement
relating to the securities has been filed and is effective. The offering
will be made only by means of a prospectus supplement and accompanying base
prospectus, copies of which may be obtained from J.P. Morgan Securities
Inc., 270 Park Avenue, 8th Floor, New York, New York 10017, Attention:
Syndicate Desk, 1-800-245-8812, Credit Suisse Securities (USA) LLC,
Prospectus Department, One Madison Avenue, New York, NY 10010,
1-800-221-1037, Deutsche Bank Securities Inc., Prospectus Department, 100
Plaza One, Second Floor, Jersey City, NJ 07311 or Banc of America
Securities LLC, 100 West 33rd Street, 3rd Floor, New York, NY 10001,
Attention: Prospectus Department,
1-800-294-1322.
About Quicksilver Resources
Fort Worth, Texas-based Quicksilver Resources is a natural gas and crude
oil exploration and production company engaged in the development and
acquisition of long-lived, unconventional natural gas reserves, including
coalbed methane, shale gas, and tight sands gas in North America. The
company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas and Cut
Bank, Montana. Quicksilver's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.
KWK 09-14
Investor & Media Contact:
Rick Buterbaugh
(817) 665-4835