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
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SOURCE SandRidge Energy, Inc.