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Deal Date: 27-10-2014 Practice Area: International Finance and Bank Credit
Deal Title: SandRidge Energy - Amended and Restated Revolving Credit Facility Industry: Oil & Gas Producers
Description:
Davis Polk advised Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, on an amendment and restatement of SandRidge Energy, Inc.'s revolving credit facility. The new, five-year agreement has a maximum facility size of USD2 billion. Headquartered in Oklahoma City, Oklahoma, SandRidge is an independent natural gas and crude oil company concentrating on exploration, development and production activities. SandRidge also owns and operates drilling rigs and conducts related oil field services and owns and operates interests in gas gathering, marketing and processing facilities and CO2 gathering and transportation facilities. The Davis Polk credit team included partner James A. Florack, associate Sanders T. Witkow and law clerk Douglas R. Keeton.
Financial Center: New York Value: 1000.01-5000.00
Advised Party: Lender Law Firm
Borrower United States Lender United States
Classification: Syndicated and Bilateral Loans Syndicated Loans
Lawyer James A Florack