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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant To Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 21, 1995
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KCS Energy, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-11698 22-2889587
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
379 Thornall Street, Edison, New Jersey 08837
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(Address of principal executive offices) (Zip Code)
(908) 632-1770
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Registrant's telephone number, including area code
NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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Item 5. - Other Events
On December 21, 1995, KCS Energy, Inc. (the "Company") announced that it
will commence a Rule 144A private offering of $150,000,000 aggregate principal
amount of senior notes, due 2003 (the "Notes"). The Notes will be unsecured
obligations of KCS Energy, Inc., ranking pari passu in right of payment with
all future senior indebtedness of the Company. Proceeds of the offering will
be used to reduce the amounts outstanding under the Company's credit
facilities, currently $169,000,000, which were increased to reflect the
Company's recently completed $33,000,000 Rocky Mountain and $31,000,000
Michigan acquisitions.
The Notes will be guaranteed on a senior unsecured basis by each of the
Company's subsidiaries. The interest rate and certain other terms of the Notes
have not yet been determined. The closing of the offering is expected to occur
before the end of January 1996. There can be no assurance, however, that
acceptable terms will be reached or that the offering will be consummated.
The Notes will not be registered under the Securities Act of 1933 and may
not be offered or sold except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state securities laws.
Item 7. - Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Press Release dated December 21, 1995, "KCS Energy, Inc. Announces
Commencement of Private Offering"
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KCS Energy, Inc.
Dated: December 21, 1995 By: /s/ Henry A. Jurand
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Henry A. Jurand, Secretary
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Exhibit Index
99.1 Press Release dated December 21, 1995, "KCS Energy, Inc. Announces
Commencement of Private Offering"
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NEWS RELEASE KCS ENERGY, INC.
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AT THE COMPANY AT THE FINANCIAL RELATIONS BOARD
Henry Jurand Marriane Stewart/Kathy Phelan/Judith Sylk-Siegel
Vice President and Treasurer (General Info) (Analyst) (Media)
(908) 632-1770 (212) 661-8030
FOR IMMEDIATE RELEASEE
THURSDAY DECEMBER 21, 1995
KCS ENERGY, INC. ANNOUNCES COMMENCEMENT OF
PRIVATE OFFERING
$150,000,000 of Senior Notes, Due 2003
Edison, N.J., December 21, 1995 -- KCS Energy, Inc. (NYSE:KCS) today announced
that it will commence a Rule 144A private offering of $150,000,000 aggregate
principal amount of senior notes, due 2003 (the "Notes"). The Notes will be
unsecured obligations of KCS Energy, Inc., ranking pari passu in right of
payment with all future senior indebtedness of the Company. Proceeds of the
offering will be used to reduce the amounts outstanding under the Company's
credit facilities, currently $169,000,000, which were increased to reflect the
Company's recently completed $33,000,000 Rocky Mountain and $31,000,000
Michigan acquisitions.
The Notes will be guaranteed on a senior unsecured basis by each of the
Company's subsidiaries. The interest rate and certain other terms of the Notes
have not yet been determined. The closing of the offering is expected to occur
before the end of January 1996. There can be no assurance, however, that
acceptable terms will be reached or that the offering will be consummated.
The Notes will not be registered under the Securities Act of 1933 and may
not be offered or sold except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state securities laws.
KCS is an independent energy company primarily engaged in the acquisition,
exploration, development and production of natural gas and crude oil. The
Company also operates a natural gas transportation business and an energy
marketing an service business.
This press release does not constitute an offerr to sell or the
solicitation of an offer to buy the Notes.
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