The company said it closed on a new senior secured credit facility, which has commitments of $200 million and an initial borrowing base of $150 million, and on a new $150 million second lien term loan.
"Sabine has successfully restructured its balance sheet, addressing its leverage and liquidity needs," chief executive David Sambrooks said in a statement.
Last month,a US bankruptcy judge said she would approve the company's plan of reorganisation, clearing the way for the Texas energy producer to exit Chapter 11 potection.
Sabine's
