Sanchez Energy to fund credit facility paydown with notes, stock sale

By Tali Rackner

Norfolk, Va., June 11 – Sanchez Energy Corp. plans to repay borrowings under its credit facility with the proceeds from a private placement notes offering and a common stock offering, according to two press releases.

Proceeds will also be used to fund the company’s pending acquisition of Catarina and for working capital.

Sanchez Energy is an oil and gas exploration and development company based in Houston.

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