SandRidge Energy to repay revolver borrowings with notes proceeds

By Sara Rosenberg

New York, March 2 - SandRidge Energy Inc. plans on repaying borrowings under its revolving credit facility using proceeds from a $700 million senior notes offering, according to a news release.

Remaining proceeds will be used to fund the tender for $650 million of the company's 8 5/8% senior notes due 2015.

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

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