Quicksilver gets $1.2 billion amended and restated revolver

By Sara Rosenberg

New York, Feb. 9 - Quicksilver Resources Inc. closed on a $1.2 billion amended and restated five-year revolving senior credit facility, according to a company news release.

JPMorgan acted as the lead bank on the deal.

The facility is subject to an initial $850 million borrowing base.

The new borrowing base, which represents an additional $250 million in liquidity, is allocated between U.S. and Canadian funds.

There is a $250 million accordion feature and an option to extend the maturity by up to two years.

Quicksilver is a Fort Worth, Texas-based natural gas and crude oil production company.

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