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| KGS > SEC Filings for KGS > Form 8-K on 14-Oct-2008 | All Recent SEC Filings |
14-Oct-2008
Entry into a Material Definitive Agreement, Creation of a Direct Fina
Quicksilver Gas Services LP (the "Partnership") entered into an amendment to its credit agreement (the "Amendment"), dated as of October 10, 2008, among the Partnership, as borrower, and Bank of America, N.A., BNP Paribas, JPMorgan Chase Bank, N.A., The Royal Bank of Scotland plc, Fortis Capital Corp., BMO Capital Markets Financing, Inc., Compass Bank, Comerica Bank and Wells Fargo Bank, N.A., as lenders and/or agents as indicated on the signature pages of the Amendment. The Amendment amends the Partnership's five-year senior secured revolving credit agreement (i) to increase the lenders' loan commitments to $235 million and (ii) to permit the Partnership to increase the credit facility to $350 million with the consent of the Administrative Agent and the existing or new lender(s) providing the additional loan commitments. The credit agreement contains events of default that permit, among other things, the acceleration of the loans, the termination of the credit agreement, and foreclosure on collateral. Certain of the lenders and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, commercial banking and investment banking services for the Partnership and the Partnership's affiliates in the ordinary course of business for fees and expenses.
The foregoing description is qualified in its entirety by reference to the full text of the Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference. On October 14, 2008, Quicksilver Gas Services LP issued a press release announcing that it entered into the Amendment. A copy of the press release is attached as Exhibit 99.1 and the discussion of the Amendment therein is incorporated herein by reference.
The description of the Amendment described above under Item 1.01 is incorporated in this Item 2.03 by reference. A copy of the Amendment is filed as Exhibit 10.1 to this Form 8-K and is incorporated in this Item 2.03 by reference.
(d) Exhibits.
Exhibit Description
Number
10.1 First Amendment to Credit Agreement, dated as of October 10, 2008,
among Quicksilver Gas Services LP and the lenders and agents identified
therein.
99.1 Press release dated October 14, 2008.
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