SandRidge Energy Inc. - 2010-11-05

Description

Priced a private offering of 2.5 million shares of its 7% convertible perpetual preferred stock for net proceeds of approximately $242 million. Net proceeds will be used for general corporate purposes, including to pay a portion of the amount outstanding under its revolving credit facility, and to fund the company's capital expenditure program.

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Estimated Price
$242.0MM
Financing Type
Report Date