SandRidge affirms $500M borrowing base, amends senior credit facility

In connection with a regularly scheduled redetermination, SandRidge Energy Inc.’s (NYSE: SD) 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 SandRidge for the cash repurchase of senior unsecured notes. 

 

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