Sanchez Energy Corporation – Seeks $350mn of DIP Financing From Prepetition Secured Noteholders, $175mn in New Money ($50mn on Interim Basis) and $175mn Roll-Up

August 12, 2019 – The Debtors requested Court authority to (i) access up to $350.0mn in debtor-in-possession (“DIP”) financing to be provided by certain of the Debtors' pre-petition secured noteholders and (ii) use cash collateral [Docket No. 26].  The DIP financing will consist of of (i) a $175.0mn "new money," term loan credit facility, $50.0mn…