Correction: QR Energy to redeem $300 million 9¼% senior notes due 2020

A story in the Nov. 26 editions of the Prospect News High Yield Daily and Prospect News Liability Management Daily incorrectly reported the maturity and redemption price of QR Energy’s note redemption. A corrected version of the story follows:

By Tali Rackner

Norfolk, Va., Nov. 26 – QR Energy, LP and QRE Finance Corp. called all $300 million of its 9¼% senior notes due Aug. 1, 2020, according to two notices.

The company will redeem $105 million of the notes at 109.25 plus accrued interest on Dec. 19 and $195 million at par plus a make-whole premium and accrued interest on Dec. 22.

QR Energy is a Houston-based upstream master limited partnership focused on the exploitation of onshore oil and gas fields.

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