Print Sanchez Energy Corporation has commenced a private offering to eligible purchasers of $150 million aggregate principal amount of 7.75% senior notes due 2021.
The notes will be issued under the indenture governing Sanchez Energy's outstanding 7.75% senior notes due 2021 and will become part of the same series as such outstanding notes.
Sanchez Energy intends to use the net proceeds from this offering to partially fund the previously announced Wycross acquisition, to fund a portion of its 2013 and preliminary 2014 capital budget, which is primarily focused on the Eagle Ford Shale, and for general corporate purposes, including working capital.