Item 8.01. Other Events
On September 28, 2012, the lenders under the bank credit facility of PetroQuest
Energy, Inc. (the "Company") completed their semi-annual re-determination of the
Company's borrowing base under its credit facility. As a result, the Company's
$125 million borrowing base has been increased to $130 million. The aggregate
commitments of the lenders is currently $100 million and can be increased to up
to $300 million by either adding new lenders or increasing the commitments of
existing lenders, subject to certain conditions. The next re-determination of
the borrowing base is scheduled to occur before March 31, 2013.
Add
PQ to Portfolio
Set Alert
Email to a
Friend