Sanchez Energy Corp. - 2016-01-25

Description

Amended the terms under its $1.5 billion first-lien revolving credit facility and reduced its borrowing base to $425 million, down from $500 million. Elected commitment remains at $300 million. Amendment allows for the incurrence of $400 million in second-lien debt plus any principal representing payment of interest in kind.

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Estimated Price
$425.0MM
Financing Type
Report Date