SandRidge to repay revolver debt with senior notes proceeds

By Sara Rosenberg

New York, May 12 - SandRidge Energy, Inc. plans to repay borrowings under its senior revolving credit facility using proceeds from a private placement of $500 million senior notes, according to a news release.

Remaining proceeds will be used to fund the company's capital expenditure program focused on the West Texas Overthrust.

SandRidge is an Oklahoma City-based oil and natural gas company.

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