Davis Polk advised Quicksilver Resources Inc. (Quicksilver) in connection with its offering of $325 million aggregate principal amount of 11% senior notes due 2021, its offering of $200 million aggregate principal amount of second-lien senior secured floating-rate notes due 2019, and the concurrent closing of its $625 million second-lien term loan agreement. The notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.
Davis Polk also advised Quicksilver in connection with concurrent tender offers and consent solicitations for any and all of its outstanding 8.25% senior notes due 2015 and 11.75% senior notes due 2016 and related consent solicitations with respect to its outstanding 9.125% senior notes due 2019.
Fort Worth, Texas-based Quicksilver is an independent oil and gas company engaged in the exploration, development and acquisition of oil and gas, primarily from unconventional reservoirs, including gas from shales and coal beds in North America. Quicksilver’s Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta.
The Davis Polk capital markets team included partner Richard D. Truesdell, Jr., associates John K. Doulamis, Eilleen J. Park, Connor Kuratek and Jeffrey Brenner and law clerk Joseph W. Clementz. The credit team included partner Joseph P. Hadley, associates Meyer C. Dworkin and Lauren N. Gillespie and law clerk Vanessa L. Jackson. The tax team included partner Michael J. Mollerus and associates Kerry S. Price and William A. Curran. Associate Gillian Emmett Moldowan provided ERISA advice. Counsel Hayden S. Baker and associate Amy E. Turner provided environmental advice. Counsel Catherine L. Martin provided 1940 Act advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
