oil & gas assets
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CM - Sanchez still waiting to access full $350MM DIP financing - November 2019

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Sanchez Energy Corp. and its debtor-in-possession financing lenders agreed to amend certain milestone provisions under the company’s interim $350 million DIP funding package, which was organized by its secured creditors. The amendment extends the milestone date in the loan agreement for the final order of the US Bankruptcy Court authorizing Sanchez and its subsidiaries to enter into the loan agreement to Nov. 15, from earlier extensions that ended Nov. 1 and on several dates......
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