Quest Energy amends second-lien term loan to extend maturity date

By Jennifer Chiou

New York, Dec. 11 - Quest Energy Partners LP along with Quest Cherokee, LLC, Quest Cherokee Oilfield Service, LLC and STP Newco, Inc. entered into the seventh amendment to Quest Cherokee's second-lien senior term loan agreement, extending the maturity date to Dec. 17, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The term loan had been set to expire on Dec. 7.

Royal Bank of Canada was the administrative agent and collateral agent. KeyBank NA was the syndication agent, and Société Générale was the documentation agent.

The amendment is affective as of Dec. 7.

In August, the company said that it was pursuing various options to restructure or refinance its credit facility.

Quest Energy Partners is an Oklahoma City-based acquirer, exploiter and developer of natural gas and oil properties.

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