Questar (STR) priced a public offering of $250 million of 6.05% senior notes due 2016 at a price of $99.663.
The Salt Lake City energy company said the offering is expected to close on May 16. Proceeds are to be used for general corporate purposes, including the repayment of the $200 million principal amount of the company's outstanding 7% notes due 2007, Questar said.
The joint book-running managers of the offering are Banc of America Securities and Goldman Sachs.
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