SandRidge amends credit facility, pushing out maturity to 2014

By Sara Rosenberg

New York, April 22 - SandRidge Energy Inc. amended its $1.75 billion senior credit facility, extending the maturity to April 15, 2014 from Nov. 21, 2011, according to a news release.

The borrowing base of the facility was reaffirmed at $850 million.

Bank of America is the administrative agent on the deal. Other lead banks include Barclays, RBC, RBS, Union Bank of California and Wells Fargo.

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

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