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Sanchez Commences $700MM Private Offering

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Sanchez Commences $700MM Private Offering

Sanchez Energy Corporation has commenced a private offering to eligible purchasers of $700 million in aggregate principal amount of senior notes due 2023.

Sanchez Energy intends to use the net proceeds from this offering to fund its pending Catarina acquisition (together with the net proceeds from its concurrent common stock offering) and for general corporate purposes, including working capital and to repay borrowings under its credit facility. The senior notes will be senior unsecured obligations of Sanchez Energy and will be guaranteed on a senior unsecured basis by, with certain exceptions, substantially all of its existing and future subsidiaries.