08:59 AM EST, 03/04/2026 (MT Newswires) -- SM Energy ( SM ) said Wednesday that it has begun a cash tender offer to purchase up to a total of $750 million worth of outstanding 8.375% senior notes due 2028.

The notes, a $1.35 billion offering originally issued by Civitas Resources, were assumed by SM Energy ( SM ) after a merger, the company said.

The offer is set to expire on April 1.

Shares of the company were down 2.2% in recent premarket activity.