SandRidge Energy Inc. Announces $750 Million Offering Of Senior Notes

SandRidge Energy Inc. announced that it intends to commence a private offering to eligible purchasers of $750 million of Senior Notes due 2022. Net proceeds from this offering will be used to finance the cash consideration of approximately $680 million payable in connection with the Company's pending acquisition of Dynamic Offshore Resources, LLC and to pay related costs and expenses. Any remaining net proceeds are expected to be used for general corporate purposes. The closing of the offering is conditioned upon the concurrent closing of the Dynamic acquisition and is subject to customary closing conditions.