SandRidge Energy makes $50M in interest payments, seeks 10-K delay

|About: SandRidge Energy, Inc. (SD)|By:, SA News Editor

SandRidge Energy (NYSE:SD) discloses that it made $50.1M in interest payments, as it continues to work with creditors on debt restructuring options.

SD last month deferred making $21.7M in interest payments and enter into a 30-day grace period, but it says it made the payment yesterday within the grace period and made another $28.4M due on other debt today.

The company says it has been engaged in discussions with certain stakeholders regarding strategic alternatives to reduce its indebtedness.

SD also asks to delay its 10-K filing, and expects its accounting firm will say there is substantial doubt about the company's ability to continue as a going concern.

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