PetroQuest Energy Inc. - 2015-03-02
Description
Amended its senior secured bank credit facility to remove the total debt to EBITDAX financial covenant, add maximum ratio of total senior secured debt to EBITDAX of 2.25 to 1.0 and add minimum ratio of EBITDAX to total cash interest expense of 2.0 to 1.0. The bank group includes JPMorgan Chase Bank NA, Wells Fargo Bank NA, Capital One NA, Iberiabank, Bank of America NA and The Bank of Nova Scotia.