Replies to post #13649 on SandRidge Energy, Inc. (fka SDOCQ)

[1manband]

Olds bonds to New SD. Anyone know the rate these were exchanged?

It depends on which ones you owed. The secured notes received new convertible debt (which will convert to 46.5% of the company in no later than 4 years) and 85% of the new common shares. Unsecured note holders were lumped in with the general unsecured creditors and together they received $10 million cash and 15% of the new common stock.