BRIEF-Sanchez Energy to raise borrowing base under $500 mln first lien revolving credit facility

Tue Nov 19, 2013 8:38am EST

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Nov 19 (Reuters) - Sanchez Energy Corp : * Announces significantly expanded availability under its revolving credit

facility * Received commitments to increase available borrowing base under $500 million

first lien revolving credit facility from $175 million to $300 million * Says increased hedging program & now have between 55% and 60% of anticipated

2014 production hedged * Says 55% & 60% of anticipated 2014 production hedged with combination of

swaps & collars at average floor price of $94 per barrel * Source text for Eikon * Further company coverage

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A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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