EDISON, N.J., Nov. 18 /PRNewswire/ -- KCS Energy, Inc. (NYSE: KCS) today
announced it has filed a registration statement with the Securities and
Exchange Commission concerning the proposed public sale of $125,000,000
aggregate principal amount of convertible subordinated notes due 2004.
Net proceeds to the Company will be used to repay existing indebtedness
under the Company's bank credit facilities.
KCS is an independent energy company engaged in the acquisition,
exploration, development and production of natural gas and crude oil with
operations in the Rocky Mountains, Mid-Continent and Gulf Coast regions. The
Company also owns oil and gas property interests in the Gulf of Mexico and
Michigan's Niagaran Reef trend.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This release shall not
constitute an offer to sell or a solicitation to buy nor shall there be any
sale of these securities in any state in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state.
SOURCE KCS Energy, Inc.
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CONTACT:
Henry A. Jurand, SVP & CFO of KCS Energy,
732-632-1770; or General -- Marianne Stewart, or Analyst --
Christina Howard, or Media -- Judith Sylk-Siegel, 212-661-8030,
all of The Financial Relations Board for KCS Energy
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