Debt | Capital Markets
PetroQuest to Offer $200MM in Senior Notes
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PetroQuest Energy Inc. has reported that, subject to market conditions, it intends to offer for sale $200.0 million in aggregate principal amount of 10% Senior Notes due 2017 in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers.
The New Notes are expected to have terms that, subject to certain exceptions, are substantially identical to the Company's $150.0 million aggregate principal amount of existing 10% Senior Notes due 2017.
The Company intends to use the net proceeds from the private placement to fund the purchase price of the Company's previously announced proposed acquisition of certain producing oil and gas assets located in the shallow waters of the Gulf of Mexico from Hall-Houston Exploration II, L.P…
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