Quicksilver Resources Inc. KWK announced today a registered underwritten public offering of 7,000,000 units of BreitBurn Energy Partners L.P. BBEP. The underwriters will have a 30-day option to purchase up to 1,050,000 additional units to cover over allotments. Net proceeds from the offering are expected to be used to pay down a portion of the outstanding borrowings under Quicksilver's senior secured credit facility and for general corporate purposes. Quicksilver currently owns approximately 15,600,000 units of BBEP.
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