SOURCE: Quicksilver Resources Inc.

Quicksilver Resources Inc.

August 11, 2009 08:52 ET

Quicksilver Resources Announces $250 Million Debt Offering

FORT WORTH, TX--(Marketwire - August 11, 2009) - Quicksilver Resources Inc. (NYSE: KWK) announced today that it intends to offer, subject to market and other conditions, approximately $250 million aggregate principal amount of Senior Notes due 2019. Quicksilver intends to use the net proceeds from the offering to repay a portion of its borrowings under its senior secured credit facility.

J.P. Morgan, Credit Suisse, Deutsche Bank Securities and BofA Merrill Lynch are acting as joint book-running managers. A preliminary prospectus supplement and accompanying base prospectus relating to the offering have been filed with the U.S. Securities and Exchange Commission and are available on its website, www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the securities has been filed and is effective. The offering will be made only by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained from J.P. Morgan Securities Inc., 270 Park Avenue, 8th Floor, New York, New York 10017, Attention: Syndicate Desk, 1-800-245-8812, Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, 1-800-221-1037, Deutsche Bank Securities Inc., Prospectus Department, 100 Plaza One, Second Floor, Jersey City, NJ 07311 or Banc of America Securities LLC, 100 West 33rd Street, 3rd Floor, New York, NY 10001, Attention: Prospectus Department, 1-800-294-1322.

About Quicksilver Resources

Fort Worth, Texas-based Quicksilver Resources is a 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. The company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas and Cut Bank, Montana. Quicksilver's Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta.

KWK 09-13

Contact Information

  • Investor & Media Contact:
    Rick Buterbaugh
    (817) 665-4835