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DENVER, June 9, 2021 /PRNewswire/ -- SM Energy Company ("SM Energy") (NYSE: SM) announced today that it has priced an offering of $400 million in aggregate principal amount of its 6.500% senior unsecured notes due 2028 (the "Notes"). The aggregate principal amount of the offering was increased from the previously announced offering size of $350 million. The Notes will be issued at par. The offering is expected to close on June 23, 2021, subject to customary closing conditions. SM Energy intends to use the net proceeds from the offering to fund a cash tender offer (the "Tender Offer") for all of its outstanding 6.125% Senior Notes due 2022 (the "2022 Notes") and a portion of its outstanding 5.00% Senior Notes due 2024 (together with the 2022 Notes, the "Tender Offer Notes").  If the Tender Offer is not consummated or subscribed in full, SM Energy intends to use the net proceeds from the offering for general corporate purposes, which may include the repurchase or redemption, as applicable, of some or all of the Tender Offer Notes. The Tender Offer is made solely upon the terms and subject to the conditions set forth in an offer to purchase dated as of the date hereof and nothing in this press release constitutes an offer to purchase or a solicitation of an offer to purchase any of the Tender Offer Notes subject to the Tender Offer.

  • Updated

DENVER, June 9, 2021 /PRNewswire/ -- SM Energy Company ("SM Energy") (NYSE: SM) announced today that it intends, subject to market and other conditions, to offer $350 million in aggregate principal amount of a series of senior unsecured notes due 2028 (the "Notes"). SM Energy intends to use the net proceeds from the offering to fund a cash tender offer (the "Tender Offer") for all of its outstanding 6.125% Senior Notes due 2022 (the "2022 Notes") and a portion of its outstanding 5.00% Senior Notes due 2024 (together with the 2022 Notes, the "Tender Offer Notes"). If the Tender Offer is not consummated or subscribed in full, SM Energy intends to use the net proceeds from the offering for general corporate purposes, which may include the repurchase or redemption, as applicable, of some or all of the Tender Offer Notes. The Tender Offer is made solely upon the terms and subject to the conditions set forth in an offer to purchase dated as of the date hereof and nothing in this press release constitutes an offer to purchase or a solicitation of an offer to purchase any of the Tender Offer Notes subject to the Tender Offer.