SM Energy Company (NYSE:SM) Files An 8-K Other Events

SM Energy Company (NYSE:SM) Files An 8-K Other Events
Item 8.01 Other Events

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On September 7, 2018, SM Energy Company (the “Company”) redeemed all of the $10,561,000 aggregate principal amount outstanding of its 6.500% Senior Notes due 2023 (the “2023 Notes”), in accordance with the optional redemption provisions set forth in Article Three of the Indenture dated as of June 29, 2012 (the “Indenture”), by and between the Company and U.S. Bank National Association, as trustee (the “Trustee”), as amended by the Supplemental Indenture dated August 20, 2018, between the Company and the Trustee (the “Supplemental Indenture”). The Indenture was included as Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on July 3, 2012, and the Supplemental Indenture was included as Exhibit 4.3 to the Company’s Current Report on Form 8-K filed on August 20, 2018.

The redemption price for the 2023 Notes was equal to 102.167% of the principal amount, plus accrued and unpaid interest on the principal amount of the 2023 Notes to but excluding the redemption date. The Company paid the redemption price for the 2023 Notes with cash on hand.

The $10,561,000 aggregate principal amount of the 2023 Notes redeemed was all of the 2023 Notes remaining outstanding following expiration of the early settlement date as well as the final expiration of the previously announced tender offer and consent solicitation that commenced on August 6, 2018, for any and all of the Company’s 2023 Notes and up to an aggregate principal amount not to exceed $85,000,000 of the Company’s 6.125% Senior Notes due 2022.


About SM Energy Company (NYSE:SM)

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States. Its operations are concentrated in onshore operating areas in the United States: South Texas & Gulf Coast Region, Rocky Mountain Region and Permian Region. It has working interests in approximately 1,460 gross (approximately 870 net) productive oil wells and approximately 1,770 gross (approximately 650 net) productive gas wells. Within South Texas & Gulf Coast Region, the Company has both operated and non-operated Eagle Ford shale programs on approximately 200,000 net acres. It has approximately 162,000 net acres being developed in the Bakken and Three Forks formations. It has approximately 23,000 net acres in its Permian Region.

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