SandRidge mulls bankruptcy, restructuring

SandRidge Energy Inc. has hired advisors to evaluate options including a bankruptcy filing, according to Reuters.

In a regulatory filing, SandRidge stated that it was hiring advisors “to assist with a private restructuring or reorganization under Title 11 of the US Bankruptcy Code in the foreseeable future."

Reuters reported in January that the company was exploring debt restructuring options, including bankruptcy. SandRidge is working with law firm Kirkland & Ellis and investment bank Houlihan Lokey on restructuring options.

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