Sanchez Energy Announces Closing of Private Offering of $500 Million in Senior Secured First Lien Notes

HOUSTON, Feb. 14, 2018 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (“Sanchez Energy” or the “Company”) announced today that it has closed its private offering to eligible purchasers of $500 million aggregate principal amount of 7.25% senior secured first lien notes due 2023 (the “senior notes”) at an offering price equal to 98.973% of par.  Net proceeds from this offering were approximately $483 million, after deducting initial purchasers’ discount and estimated offering expenses.  Sanchez Energy intends to use the net proceeds from this offering to repay total outstanding borrowings, and accrued interest and fees, under its and its restricted subsidiaries’ revolving credit facility and…

Sanchez Energy Corp News Release

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