Item 8.01 Other Events
On December 4, 2019, pursuant to the First Lien Credit Agreement (as amended,
the "UnSub Credit Agreement") among SN EF UnSub, LP ("SN UnSub"), an
unrestricted, non-guarantor subsidiary of Sanchez Energy Corporation, as
borrower, JPMorgan Chase Bank, N.A., as administrative agent
(the "Administrative Agent"), and the lenders party thereto, dated as of
March 1, 2017, the Administrative Agent notified SN UnSub that the lenders under
the UnSub Credit Agreement have approved a borrowing base of $185 million as
part of the scheduled semi-annual redetermination. All terms of the UnSub
Credit Agreement remain unchanged. SN UnSub presently has $150 million in
borrowings drawn under the UnSub Credit Agreement.
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