8 Sept 2009director interest notice● Neutral
QUICKSILVER RESOURCES INC Executive VP - Operations Cook Paul J. exercised stock options for 32,808 shares and disposed of 166,308 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Aug 2009debt financing● NeutralMajor
Sold $300 million of 9-1/8% senior notes due 15 August 2019, guaranteed by its subsidiaries and callable from August 2014, under an eighth supplemental indenture to the 2005 base indenture with Bank of New York Mellon as trustee.
13 Aug 2009material agreement▼ BadMajor
Quicksilver raised another $300 million, this time in 9.125% Senior Notes due 2019, again to pay down its revolver -- its third bond issue in about 14 months, priced well above its 2008 notes though below the 11.75% it had paid just seven weeks earlier, as it worked through the debt load from the 2008 acquisition.
12 Aug 2009securities registration● Neutral
QUICKSILVER RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
12 Aug 2009securities registration● Neutral
QUICKSILVER RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
11 Aug 2009securities registration● Neutral
QUICKSILVER RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
10 Aug 2009quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported a quarterly net income of $730 thousand for the period ended 2009-09-30.
10 Aug 2009quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported a quarterly net income of $730 thousand for the period ended 2009-09-30.
7 July 2009director interest notice● Neutral
QUICKSILVER RESOURCES INC 10%+ owner Spo Advisory Corp bought 5,202,500 shares on the open market.
26 June 2009debt financing● Neutral
Quicksilver issued $600 million of 11.75% senior notes due January 2016, guaranteed by its subsidiaries, under a seventh supplemental indenture with Bank of New York Mellon as trustee. The notes are callable from July 2013 (earlier at a make-whole price) and carry the usual limits on further borrowing, liens, asset sales and distributions.
25 June 2009director interest notice● Neutral
QUICKSILVER RESOURCES INC Sr. VP - CFO Cook Philip W. sold 20,000 shares at $9.34.
24 June 2009material agreement▼ BadMajor
Quicksilver priced $600 million of new 11.75% Senior Notes due 2016 -- far above the 7-8% coupons on its earlier debt -- with proceeds, plus cash from selling a 27.5% stake in its Alliance leasehold to Eni, used to retire the second-lien term loan taken on for the 2008 Barnett Shale acquisition less than a year after it was drawn.
22 June 2009securities registration● Neutral
QUICKSILVER RESOURCES INC filed the final prospectus for a registered offering.
19 June 2009securities registration● Neutral
QUICKSILVER RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
18 June 2009securities registration● Neutral
QUICKSILVER RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
18 June 2009securities registration● Neutral
QUICKSILVER RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
17 June 2009quarterly activities report▼ Bad
QUICKSILVER RESOURCES INC reported a quarterly net loss of $21.8 million for the period ended 2009-06-30.
17 June 2009financial restatement▼ BadMajor
Quicksilver said it would restate its 2008 10-K and Q1 2009 10-Q after finding footnote-disclosure errors about guarantor-subsidiary financial information required by its bond indentures, and disclosed two material weaknesses in its financial reporting controls -- the corrections didn't change reported earnings or cash flow, but the internal-controls admission was a new and negative signal.
17 June 2009material agreement▼ BadMajor
Quicksilver's lenders relaxed its asset-coverage covenants (minimum 1.30x total-debt and 1.60x secured-debt coverage) through March 2010 and trimmed its debt capacity, but in exchange raised the second-lien term loan's interest rate sharply, from LIBOR+4.5% to LIBOR+7%, plus new fees -- the first real sign its credit was being repriced for risk rather than growth.
17 June 2009securities registration● Neutral
QUICKSILVER RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
7 May 2009quarterly activities report▼ Bad
QUICKSILVER RESOURCES INC reported a quarterly net loss of $21.8 million for the period ended 2009-06-30.
6 May 2009quarterly activities report▼ Bad
QUICKSILVER RESOURCES INC reported a quarterly net loss of $21.8 million for the period ended 2009-06-30.
20 Apr 2009substantial holder notice● Neutral
Owl Creek I, L.P, Owl Creek II, L.P, Owl Creek Advisors, LLC, Owl Creek Asset Management, L.P, Jeffrey A. Altman disclosed a new substantial QUICKSILVER RESOURCES INC shareholding (5.88% of votes).
27 Mar 2009director interest notice● Neutral
Spo Advisory Corp became a QUICKSILVER RESOURCES INC 10%+ owner and company insider (initial ownership filing).
27 Mar 2009director interest notice● Neutral
QUICKSILVER RESOURCES INC 10%+ owner Spo Advisory Corp bought 2,043,300 shares on the open market.
27 Mar 2009substantial holder notice● Neutral
SPO Partners II, L.P, SPO Advisory Partners, L.P, San Francisco Partners, L.P, SF Advisory Partners, L.P, SPO Advisory Corp, John H. Scully, William E. Oberndorf, William J. Patterson, Edward H. McDermott, The Elizabeth R. & William J. Patterson Foundation reported a QUICKSILVER RESOURCES INC shareholding of 17,898,554 shares (10.60% of votes) in a periodic institutional filing.
3 Mar 2009late filing notice▼ Bad
QUICKSILVER RESOURCES INC notified the SEC that its annual report would be filed late.
23 Feb 2009director interest notice● Neutral
QUICKSILVER RESOURCES INC President & CEO Glenn Darden received 103,805 shares as part of the equity award.
23 Feb 2009director interest notice● Neutral
QUICKSILVER RESOURCES INC Chairman of the Board Thomas F Darden received 103,805 shares as part of the equity award.
23 Feb 2009director interest notice● Neutral
QUICKSILVER RESOURCES INC Sr. VP - CFO Cook Philip W. received 40,873 shares as part of the equity award.