debt
confidence high
sentiment neutral
materiality 0.40
SandRidge Energy amends credit agreement to permit swap contract liens with board approval
SANDRIDGE ENERGY INC
- First Amendment to Credit Agreement dated July 26, 2021, among SandRidge (borrower), IEP Energy Holding (lender), and Icahn Agency Services (administrative agent).
- Amendment allows liens securing obligations under swap contracts with eligible counterparties, provided swaps are permitted and board-approved.
- No changes to borrowing capacity, interest rates, or maturity; existing terms remain in effect.
- Borrower represents no defaults exist and reaffirms its obligations under the credit agreement.