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$SD news> SandRidge Energy, Inc. Announces Affi

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Post# of 23099
Posted On: 10/19/2015 8:30:58 AM
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Posted By: fitzkarz
$SD news>

SandRidge Energy, Inc. Announces Affirmed $500 Million Borrowing Base and Amendment of Senior Credit Facility
59 minutes ago - DJNF
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.

CONTACT:

Duane Grubert

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.

/Web site: http://www.sandridgeenergy.com

(END) Dow Jones Newswires

October 19, 2015 07:30 ET (11:30 GMT)


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