debt
confidence high
sentiment neutral
materiality 0.65
SM Energy prices upsized $1.0B of 6.625% senior notes due 2034 to refinance 2028 notes
SM Energy Co
- $1.0B aggregate principal amount of 6.625% senior notes due 2034 priced at par.
- Expected to close March 9, 2026, subject to customary conditions.
- Net proceeds to fund tender offer for up to $750M of its 8.375% Senior Notes due 2028 (outstanding $1.35B).
- Additional net proceeds used for general corporate purposes and further repayment of 2028 Notes.