Quicksilver Resources to price $425 million seven-year notes Friday

By Paul A. Harris

St. Louis, June 17 - Quicksilver Resources Inc. expects to price a $425 million offering of seven-year senior notes on Friday, according to a late Wednesday press release.

Credit Suisse, Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. are joint bookrunners for the Securities and Exchange Commission-registered offering.

Proceeds, along with proceeds from sale of an interest in certain oil and gas leases, royalty interests, mineral interests and related assets to Eni US Operating Co. Inc. and Eni Petroleum US LLC, will be used to repay the remaining debt under the company's second-lien term loan facility due 2013.

The prospective issuer is a Fort Worth, Texas-based 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.

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