SM Energy Co.
Description
Priced an offering of $500.0 million aggregate principal amount of its 6.625% senior unsecured notes due 2027. SM Energy intends to use the net proceeds from the offering to fund the consideration payable in its announced cash tender offer to purchase any and all of its 6.5% senior notes due 2023 and up to an aggregate principal amount not to exceed $85 million of its 6.125% senior notes due 2022.
BofA Merrill Lynch, Wells Fargo Securities, J.P. Morgan, Barclays, BBVA and RBC Capital Markets are acting as joint book-running managers.