Quicksilver to price $300 million seven-year senior notes on Tuesday

By Paul A. Harris

St. Louis, June 23 - Quicksilver Resources, Inc. will host an investor conference call at 10 a.m. ET on Tuesday for its $300 million offering of seven-year senior notes, according to an informed source.

The notes are expected to be priced later the same day.

Credit Suisse and Banc of America Securities LLC are joint bookrunners for the Securities and Exchange Commission-registered deal.

The notes will come with four years of call protection, a three-year 35% equity clawback and a change-of-control put at 101.

Credit ratings remain to be determined.

Proceeds will be used to repay revolver debt.

The prospective issuer is a Fort Worth, Texas-based natural gas and crude oil exploration and production company.

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