SM Energy Launches Private $1.3 Billion Senior Notes Offerings-February 2024-www.financetom.com

SM Energy Launches Private $1.3 Billion Senior Notes Offerings

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SM Energy Launches Private $1.3 Billion Senior Notes Offerings

Jul 18, 2024 6:13 AM

08:54 AM EDT, 07/18/2024 (MT Newswires) -- SM Energy ( SM ) said Thursday that it plans to offer $650 million worth of its senior notes due 2029 and $650 million worth of its senior notes due 2032.

The company said it will use the net proceeds from the offerings toward funding its acquisition of oil and gas assets from entities affiliated with XCL Resources.

SM Energy ( SM ) said it will also use the net proceeds to redeem all of its outstanding 5.625% notes due 2025 and pay related fees and expenses.

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