{"schema_version":"secwatch.filing_event.v1","accession":"0000893538-25-000126","form_type":"8-K","ticker":"SM","cik":"0000893538","company_name":"SM Energy Co","filed_at":"2025-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.514973+00:00","generated_at":"2026-05-17T03:39:13.017960+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"SM Energy borrowing base reaffirmed at $3.0B; commitment unchanged at $2.0B","bullets":["Semi-annual borrowing base redetermination: $3.0B reaffirmed, elected commitment stays at $2.0B.","Third Amendment eliminates prior springing maturity tied to senior notes; replaces with short-term debt/availability test.","Amendment required borrowing availability >80% of commitment if unsecured debt >$50M matures within 91 days.","CFO Wade Pursell cited lender group's trust in SM's disciplined strategy and financial strength."],"urls":{"canonical":"https://secwatch.observer/filing/0000893538-25-000126","json":"https://secwatch.observer/filing/0000893538-25-000126.json","markdown":"https://secwatch.observer/filing/0000893538-25-000126.md","text":"https://secwatch.observer/filing/0000893538-25-000126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000089353825000126/0000893538-25-000126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000089353825000126/sm-20251013.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:39:13.017960+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}