secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000893538-24-000081
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SM Energy prices $1.5B senior notes offering to fund Uinta Basin acquisition and redeem 2025 notes
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- Priced $750M 6.750% senior notes due 2029 and $750M 7.000% senior notes due 2032, both at par.
- Net proceeds, with cash on hand and credit borrowings, to fund XCL Resources Uinta Basin acquisition and redeem outstanding 5.625% notes due 2025.
- Special mandatory redemption of 2029 notes if XCL Acquisition not closed by July 1, 2025.
- Offering expected to close July 25, 2024, subject to customary conditions.
- Notes offered via private placement under Rule 144A/Regulation S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353824000081/0000893538-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353824000081/sm-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000893538-24-000081

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