secwatch.observer — SEC 8-K summary
======================================

Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001104659-26-025261
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SM Energy issues $1.0B of 6.625% Senior Notes due 2034
------------------------------------------------------

- $1.0B aggregate principal amount, 6.625% coupon, matures April 15, 2034.
- Interest payable semi-annually on April 15 and Oct 15, starting Oct 15, 2026.
- Make-whole redemption prior to April 15, 2029; then step-down premiums (103.313%, 101.656%, 100%).
- Notes are unregistered, guaranteed by subsidiary guarantors; covenants restrict debt, dividends, asset sales, liens, affiliate transactions.
- Event of default triggers include payment defaults, bankruptcy, unpaid judgments over $100M, and guarantee cessation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000110465926025261/0001104659-26-025261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000110465926025261/tm267946d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-025261

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer