---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-24-000076"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T23:15:01.080599+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SM Energy amends credit agreement to permit up to $1.2B in debt for Uinta Basin acquisition from XCL

## Summary
- Entered First Amendment to credit agreement on July 2, 2024 to facilitate acquisition of Uinta Basin oil and gas assets from XCL Resources.
- Amendment permits incurrence of up to $1.2 billion in XCL Acquisition Additional Indebtedness (bridge loans, senior notes) without borrowing base reduction.
- Modifies excess cash covenant to exclude acquisition-related cash and proceeds for up to 30 days.
- Allows liens on proceeds of notes issued into escrow and special mandatory redemption provisions.
- Acquisition agreement signed June 27, 2024; closing expected by July 1, 2025.

## SEC filing metadata
- accession: 0000893538-24-000076
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 10.1, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353824000076/0000893538-24-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353824000076/sm-20240702.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-24-000076
- JSON: https://secwatch.observer/filing/0000893538-24-000076.json
- Plain text: https://secwatch.observer/filing/0000893538-24-000076.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.