Quicksilver Resources has acquired two senior secured revolving credit facilities for its U.S. and Canadian operations. The $1.25 billion U.S. facility, with a borrowing base of $850 million currently, has a bank syndicate of 22 lenders.
The $505.50 million Canadian facility, which has a current borrowing base of $227.47 million, has a bank syndicate of 15 lenders. The credit facilities, both due to mature in 2015, are secured on a stand-alone basis by respective oil and gas reserves and related assets.
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