JPMorgan Increases Sanchez Energy Facility to $380MM

Sanchez Energy completed the spring redetermination of its revolving credit facility, and its lenders approved an increase in the borrowing base from $330 million to $380 million.

JPMorgan, Citi Global Support Sanchez Energy/Blackstone Buy

Sanchez Energy and funds managed by Blackstone Energy Partners entered a strategic 50/50 partnership and agreed to acquire Anadarko Petroleum’s working interest in the Western Eagle Ford for approximately $2.3 billion.

RBC Agents Sanchez Redetermination Borrowing of $300MM

Sanchez Energy’s lenders have completed their regularly scheduled semi-annual review of the company’s borrowing base and the company has maintained its borrowing capacity of $300 million.

RBC Amends Sanchez Energy Credit Facility

Sanchez Energy amended the terms under its $1.5 billion first lien revolver, which allows for the incurrence of second lien debt not to exceed $400 million. Royal Bank of Canada led the lender group as administrative agent.

Royal Bank of Canada Agents Sanchez Energy Redetermination

Sanchez Energy announced the borrowing base under its revolving credit facility was changed from $550 million to $500 million. Royal Bank of Canada served as administrative agent.

Royal Bank of Canada Agents Sanchez Energy Revolver Increase

Sanchez Energy announced its lending group increased its first lien revolver from $175 million to $300 million. Royal Bank of Canada acted as administrative agent.

Sanchez Energy Increase Borrowing Base to $95MM

Sanchez Energy said it received commitments from its lending group to increase its available borrowing base under its first lien revolver from $27.5 million to $95 million.