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QEP Resources Proposes $600 Million Of Senior Notes

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September 5, 2012

QEP Resources, Inc. (QEP) announced a $600 million offering of senior notes due 2023. The notes are being offered to fund a portion of the consideration to acquire producing and undeveloped oil and gas properties in North Dakota's Williams and McKenzie counties. The oil and gas properties will be acquired pursuant to two related purchase and sale agreements.

Prior to the consummation of the transactions contemplated by the purchase and sale agreements, the net proceeds from this offering will be held by QEP Resources and a portion of those proceeds ...


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