KCS Energy to start roadshow Thursday for $150 million eight-year notes

By Paul A. Harris

St. Louis, March 17 - KCS Energy Inc. will start a roadshow Thursday for a $150 million offering of eight-year senior notes, a syndicate source said.

The deal is expected to price late in the March 22 week.

Credit Suisse First Boston, Merrill Lynch, Jefferies & Co. Harris Nesbitt, Banc One Capital Markets and BNP Paribas are the underwriters of the Rule 144A offering.

The notes will come with four years of call protection.

Proceeds will be used to repay bank debt and redeem existing bonds.

KCS Energy is a Houston-based independent oil and gas exploration and production company.

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