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SANDRIDGE ENERGY INC (SD) Create: Alert

All | News | Filings
Date FiledTypeDescription
05/16/2016 8-K Filed for Chapter 11
Docs: "Restructuring Support Agreement",
"$425 Million Reserve-Based Lending Facility Approximately $3.7 Billion of Second Lien and Unsecured Debt to Convert into Equity Over $600 Million of Cash on Hand to Fund Restructuring and Capital Programs OKLAHOMA CITY, May 16, 2016 /PRNewswire/ — SandRidge Energy, Inc. today announced that it has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas to consummate a “pre-arranged” reorganization through a restructuring support agreement entered into with holders of approximately 98% in principal amount outstanding under the Company's reserve-based lending facility , 79% in principal amount of the Company's second lien notes, and 55% in principal amount of the Company's senior unsecured notes. The R...",
"Information provided to certain of the holders of the Second Lien Notes and the Unsecured Senior Notes"

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