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Quicksilver Resources solicits consents for 1.875% convertibles
By Jennifer Chiou
New York, July 22 - Quicksilver Resources Inc. announced the start of a consent solicitation for its 1.875% convertible subordinated debentures due 2024.
The company is looking to amend the definition of designated subsidiary contained in the indenture in order to provide Quicksilver with greater strategic and operational flexibility, including greater flexibility to grow and expand the operations of Quicksilver Gas Services Holdings LLC, Quicksilver Gas Services LP, its general partner, Quicksilver Gas Services GP LLC, and its subsidiaries.
The company is offering a consent fee of $5.00 per $1,000 principal amount of notes.
The solicitation ends at 5 p.m. ET on July 31.
BofA Merrill Lynch (888 292-0070 or call collect 980 388-4603) is the solicitation agent. Global Bondholder Services Corp. is the information agent (866 294-2200 or call collect 212 430-3774).
Quicksilver Resources is a Fort Worth, Texas-based natural gas and crude oil producer.
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