Market Overview

Quicksilver Resources Receives Affirmation of $1.1 Billion Borrowing Base

Quicksilver Resources Inc. (NYSE: KWK) today announced that its bank group has re-affirmed the global borrowing base on the company's Combined Credit Agreements at $1.1 billion, based upon oil and gas reserves as of December 31, 2011. The company had $679 million available under this facility at March 31, 2012. JPMorgan Chase Bank, N.A. led the group of 20 lenders.

Posted-In: News Financing

 

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