Quicksilver Gas Services LP (KGS) announced that it has priced an offering of 4 million common units representing limited partner interests at $21.10 per common unit. The company also granted the underwriters a 30-day option to purchase up to 600,000 additional common units representing limited partner interests.
The company initially expects to use the net proceeds from this offering to repay outstanding borrowings under its revolving credit facility. The company subsequently intends to re-borrow about $87.1 million under this facility in order to fund the acquisition of Alliance midstream gathering and treating assets, located in the northern portion of the Fort Worth Basin, from Quicksilver Resources Inc. The offering is scheduled to close on December 16, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.