Text Size:
A | A

Quicksilver Resources Will Redeem Senior Notes

Text Size: A | A
 
March 28, 2014

Quicksilver Resources Inc. (NYSE: KWK) will redeem all currently outstanding 8.25% and 11.75% senior notes, due 2015 and 2016, respectively, the company said March 28.

The 8.25% notes stand at $10.5 million and the 11.75% notes stand at $8.1 million, Quicksilver added.

Holders of the 8.25% notes will receive 101.938% of their principal amount plus accrued and unpaid interest, and holders of the 11.75% notes will receive 105.875% of their principal amount plus the same, Quicksilver said.

Payments pursuant to the redemption are scheduled to be made April 28, the ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription