Sanchez Energy Prices Upsized $200 Mln Private Senior Notes Offering

(RTTNews) - Sanchez Energy Corp. (SN) said Friday that it has priced its private offering to eligible purchasers of $200 million in aggregate principal amount of 7.750% senior notes due 2021 at an issue price of 96.5% of the principal amount of the notes.

The offering was upsized from the previously announced $150 million aggregate principal amount and is expected to close on September 18.

Sanchez Energy plans to use the net proceeds from the 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.