QEP Resources Inc.

Description

QEP Resources Inc. has commenced a $500 million offering of senior notes due 2026. The notes will bear interest at a rate of 5.625% per annum and will be issued at par. QEP intends to use approximately $134 million of the net proceeds from the offering to redeem its outstanding 6.80% senior notes due 2018 and the remainder of the net proceeds to fund the $361 million aggregate principal amount of its outstanding 6.80% senior notes due 2020 and 6.875% senior notes due 2021.

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Companies
Estimated Price
$500.0MM
Financing Type
Report Date