Sandridge Energy (SD) Resumes Trading
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SandRidge Energy Emerges from Reorganization with Approximately $525 Million of Liquidity
October 4, 2016 2:06 PM EDTOKLAHOMA CITY, Oct. 4, 2016 /PRNewswire/ --Â SandRidge Energy, Inc. ("SandRidge" or the "Company") (NYSE: SD) today announced it has emerged from Chapter 11, having satisfied all the necessary provisions of its Plan of Reorganization (the "Plan"). SandRidge received approval to relist on the New York Stock Exchange in conjunction with its emergence and resumed trading of newly issued common stock on October 4, 2016, under the ticker symbol "SD".
Combining its unrestricted cash balance with the availability under its first lien credit facility following emergence, SandRidge exits its restructuring with approximately $525 million in total liquidity. ... More
