Sanchez Energy Corp.


Sanchez Energy Corp. said that lenders to the company’s subsidiary-level revolving credit facility have unanimously approved an increase in the borrowing base from $330 million to $380 million. Additionally, the lending group approved a 75 basis point decrease in the credit spread used to determine the cost of borrowings, more flexible hedging terms, and other positive modifications. The current outstanding principal balance under the UnSub revolving credit facility is approximately $168 million.

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