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SandRidge Energy Offers $1.1 Billion Of Senior Notes

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August 7, 2012

SandRidge Energy, Inc. (NYSE: SD) announced the pricing of its private placement of an aggregate of $1.1 billion of Senior Notes, comprised of $825 million of 7.5% Senior Notes due 2023 and $275 million of 7.5% Senior Notes Due 2021. The 2023 Notes were priced at 99.5% of par, resulting in a yield to maturity of 7.57%, and the 2021 Notes were priced at 101.625% of par (plus accrued interest from March 15, 2012), resulting in a yield to maturity of 7.24%. The offering of the notes is expected to ...


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