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BRIEF-Sanchez Energy to raise borrowing base under $500 mln first lien revolving credit facility
November 19, 2013 / 1:40 PM / 4 years ago

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

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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