debt
confidence high
sentiment positive
materiality 0.60
SandRidge repays all $20M debt, terminates Credit Agreement and swap intercreditor
SANDRIDGE ENERGY INC
- Repaid approximately $20M in full under July 2021 Credit Agreement with IEP Energy Holding LLC and Icahn Agency Services.
- No early termination penalties incurred; all commitments and obligations under the credit facility terminated.
- All security interests, mortgages, liens and encumbrances automatically and permanently released.
- Also terminated the swap intercreditor agreement with J. Aron and Company LLC on September 2, 2021.
- Company now carries no outstanding debt; previous maturity was November 30, 2023.