debt
confidence high
sentiment positive
materiality 0.70
SM Energy launches $750M notes offering and tender for high-coupon 2028 notes
SM Energy Co
- Plans to offer $750M senior notes due 2034 to fund tender offer for up to $750M of its 8.375% notes due 2028.
- Tender offer price $1,031.75 per $1,000 principal ($50 early tender premium); expires April 1, 2026.
- Tender conditioned on successful debt offering; not conditioned on minimum tender amount.
- Files Civitas audited FY2025/2024 financials and unaudited pro forma combined statements.