SandRidge Energy Inc.

Entered a new reserve based credit facility with a $425 million borrowing base, effective Feb. 10. The refinancing, which amended the terms of the prior facility and increased the commitment from $425 million, also provided a $50 million increase in available cash, eliminated certain negative covenants and provided a maturity date of March 31, 2020. The remaining $264 million in outstanding notes will convert into about 14.1 million common shares, increasing the total amount of outstanding shares to about 35.9 million, when the conversion settles.