SandRidge Energy, Inc. Announces Affirmed $500 Million Borrowing Base and Amendment of Senior Credit Facility
OKLAHOMA CITY, Oct. 19, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (NYSE: SD) today announced that, in connection with a regularly scheduled redetermination, its lenders have affirmed the $500 million borrowing base under its senior secured credit facility. In addition, the credit agreement was amended to increase from $200 million to $275 million a basket available to the Company for the cash repurchase of senior unsecured notes.
About SandRidge Energy, Inc.
SandRidge Energy, Inc. (NYSE: SD) is an oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma with its principal focus on developing high-return, growth-oriented projects in the Mid-Continent region of the United States. In addition, SandRidge owns and operates a saltwater gathering and disposal system and a drilling rig and related oil field services business.
EVP – Investor Relations & Strategy
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue
Oklahoma City, OK 73102
+1 (405) 429-5515
Logo - http://photos.prnewswire.com/prnh/20120416/DA88110LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sandridge-energy-inc-announces-affirmed-500-million-borrowing-base-and-amendment-of-senior-credit-facility-300161669.html
SOURCE SandRidge Energy, Inc.
Source: PR Newswire
(October 19, 2015 - 7:30 AM EDT)
News by QuoteMedia