debt
confidence high
sentiment neutral
materiality 0.55
SM Energy completes tender offer, accepts $893.995M of 8.375% notes
SM Energy Co
- Accepted $893.995M aggregate principal of 8.375% Senior Notes due 2028, including $783.605M on March 19 and $110.39M after Early Tender Date.
- Final settlement for the $110.39M tranche is scheduled for April 3, 2026.
- Notes originally issued by Civitas Resources, assumed by SM Energy in merger.
- Tender offer had no minimum condition; BofA Securities served as dealer manager.