QEP Resources (QEP) Prices $500 Million in 5.375% Senior Notes due October 2022
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QEP Resources, Inc. (NYSE: QEP) today announced that it has priced an underwritten public offering of $500 million of its 5.375% Senior Notes due October 2022. Net proceeds will be used to repay indebtedness under QEP Resources' revolving credit facility.
Interest is payable April 1 and October 1 of each year. The first interest payment is due on October 1, 2012 for interest accrued from closing to that date. The offering is expected to close on March 1, 2012.
Wells Fargo Securities, LLC, BMO Capital Markets Corp., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLCare acting as joint book-running managers of the offering.
Interest is payable April 1 and October 1 of each year. The first interest payment is due on October 1, 2012 for interest accrued from closing to that date. The offering is expected to close on March 1, 2012.
Wells Fargo Securities, LLC, BMO Capital Markets Corp., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLCare acting as joint book-running managers of the offering.
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