Quicksilver Seals 2 New Credit Facilities
Quicksilver Resources Inc. (NYSE:KWK) said it has closed two new senior secured revolving credit facilities, one each, for its U.S. and Canadian operations. The credit facilities are secured on a stand-alone basis by respective oil and gas reserves and related assets. Quicksilver said that the borrowing base for the new $1.25 billion U.S. credit facility [...]
Quicksilver Resources Inc. (NYSE:KWK) said it has closed two new senior secured revolving credit facilities, one each, for its U.S. and Canadian operations. The credit facilities are secured on a stand-alone basis by respective oil and gas reserves and related assets.
Quicksilver said that the borrowing base for the new $1.25 billion U.S. credit facility is $850 million. The C$500 million ($504.5 million) Canadian facility has a current borrowing base of C$225 million ($227 million). Both the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards