QEP Resources, Inc. (ticker: QEP, exchange: New York Stock Exchange (.N))
News Release -
QEP Resources Announces $500 Million Senior Notes Offering
DENVER, Aug. 11 /PRNewswire-FirstCall/ -- QEP Resources, Inc. (NYSE: QEP) today announced a $500 million offering of senior notes due 2021. Net proceeds from the offering are expected to be used to repay indebtedness under QEP Resources' existing senior credit facilities.
Deutsche Bank Securities Inc., Banc of America Securities LLC, BMO Capital Markets Corp., J.P. Morgan Securities Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering. The offering will be made only by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained from Deutsche Bank Securities Inc. by calling (800) 503-4611.
When available, an electronic copy of the preliminary prospectus supplement and accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission's website at http://www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
QEP Resources is a leading independent natural gas and oil exploration and production company with operations focused in the Rocky Mountain and Midcontinent regions of the United States. The company also gathers and processes natural gas. The company is headquartered in Denver, Colorado.
ADDITIONAL INFORMATION & FORWARD-LOOKING STATEMENTS
This press release contains forward-looking information regarding QEP Resources that is intended to be covered by the safe harbor "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors. Please refer to our filings with the SEC, including our Form 10-K, for the year ended December 31, 2009 for a discussion of these risks. All forward-looking statements in this report are made as of the date hereof, and, except for any obligation to disclose material information under the Federal securities laws, we do not intend to update these forward-looking statements and information.
SOURCE QEP Resources, Inc.