Quicksilver Resources repays $42 million of second-lien notes

By Sara Rosenberg

New York, Dec. 8 - Quicksilver Resources Inc. repaid $42 million of its second-lien senior notes, reducing the outstanding balance $656 million, according to a news release.

Funds for the repayment came from the sale of the Lake Arlington Dry System, the midstream gathering and compression assets located in Tarrant County, Texas, to Quicksilver Gas Services LP.

The company anticipates making further repayments on the second-lien notes during the first half of 2009.

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

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