---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-24-000085"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:33:47.366822+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SM Energy issues $1.5B in senior notes, redeems $349.1M of 5.625% notes due 2025

## Summary
- Issued $750M 6.750% Senior Notes due 2029 and $750M 7.000% Senior Notes due 2032 on July 25, 2024.
- Proceeds used to redeem $349.1M of 5.625% Senior Notes due 2025 on Aug 26, 2024 at par plus accrued interest.
- Bridge loan commitment of $1.2B expired upon note issuance; notes have special mandatory redemption tied to XCL Acquisition closing by July 1, 2025.
- Indenture includes typical covenants limiting debt, dividends, asset sales, and liens; investment-grade rating would suspend certain covenants.
- Redemption prices start at 106.75% (2029 notes) or 107% (2032 notes) for equity-clause redemptions; make-whole call options apply before certain dates.

## SEC filing metadata
- accession: 0000893538-24-000085
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353824000085/0000893538-24-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353824000085/sm-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-24-000085
- JSON: https://secwatch.observer/filing/0000893538-24-000085.json
- Plain text: https://secwatch.observer/filing/0000893538-24-000085.txt

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