SM Energy Co. (SM) opened an offer to exchange all of its outstanding registered 6.125% senior notes due 2022, the company said June 10. The aggregate principal amount is $600 million.
The registered notes will be exchanged for identical notes issued on Nov. 17, 2014 in a private placement. The registered notes will be exchanged pursuant to a registration rights agreement for the private placement notes.
Provisions on transfer restrictions, registration rights and additional interest do not apply to the registered notes.
The exchange offer is scheduled to close July 9, unless extended.
U.S. Bank NA is the exchange agent.
Denver-based SM Energy Co. explores and develops oil and natural gas across the U.S.
Recommended Reading
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
2024-04-23 - Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say
2024-04-22 - The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry.
For Sale? Trans Mountain Pipeline Tentatively on the Market
2024-04-22 - Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build.
TotalEnergies to Acquire Remaining 50% of SapuraOMV
2024-04-22 - TotalEnergies is acquiring the remaining 50% interest of upstream gas operator SapuraOMV, bringing the French company's tab to more than $1.4 billion.