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Actionable news in SD: SANDRIDGE ENERGY Inc,

Entry into a Material Definitive

Credit Agreement Amendment

Company

), Royal Bank of Canada, as administrative agent, and lenders signatory to the Fourth Amended and Restated Credit Agreement, dated as of June10, 2015 (as amended, the

Credit Agreement

), agreed to amend the Credit Agreement. Among other things, the amendment:

reaffirms the existing Borrowing Base of $500 million until the next scheduled Borrowing Base redetermination in the Spring of 2016;

increases the amount of Existing Notes the Company may redeem or purchase for cash to $275 million from $200 million subject to certain limitations;

permits the Company to monetize hedges unti l the next scheduled Borrowing Base redetermination in the Spring of 2016 with no corresponding reduction in Borrowing Base;

permits the Loan Parties to purchase commodity puts and floors without limitation;...


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