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 company added.
Fort Worth, Texas-based Quicksilver Resources Inc. explores, develops and acquires unconventional oil and natural gas throughout North America.
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