SandRidge extends credit facility maturity, lifts borrowing base

By Sara Rosenberg

New York, March 29 - SandRidge Energy Inc. extended the maturity of its $1.75 billion senior credit facility to March 29, 2017 from April 15, 2014 and increased the borrowing base to $1 billion from $790 million, according to a news release.

Bank of America Merrill Lynch is the administrative agent on the deal.

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

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