Replies to post #1560 on SandRidge Energy, Inc. (fka SDOCQ)

[Porgie Tirebiter]

I haven't had time to evaluate it. If they can reduce the basis then I'm all for it. (As long as they don't actually draw on it!)

SD has about 8% of outstanding debt coming due this spring. At 8.625% the rate on that particular hunk of debt is brutal rates go nowadays.

I haven't seen anywhere what the actual basis is on this new credit line.