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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.