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. 


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...