debt
confidence high
sentiment neutral
materiality 0.55
SM Energy upsizes tender offer to $1B; $783.6M notes tendered early
SM Energy Co
- Early tender results: $783.6M (58.04% of outstanding) tendered for 8.375% Senior Notes due 2028.
- Maximum tender amount increased from $750M to $1B; early tender premium extended to expiration.
- Total consideration of $1,031.75 per $1,000 principal includes $50 early tender premium; settlement for early tenders on March 19, 2026.
- Notes originally issued by Civitas Resources, assumed in merger; expiration date April 1, 2026.
- BofA Securities serving as dealer manager.