SM Energy Buys Back $110.39M Senior Notes

By Chris Stiles • Thursday, April 02 10:13 • Permanent Link

SM Energy said it received valid tenders for $110.39 million of its 8.375% senior notes due 2028 after the early tender date and before the April 1 expiration date, bringing total accepted principal to $893.995 million.

The company had already accepted $783.605 million of the notes on March 19. With the latest round, SM Energy is buying nearly 89.4% of the $1 billion maximum tender amount it set for the offer.

The notes were originally issued by Civitas Resources and assumed by SM Energy when it closed its merger with Civitas. The tender offer was not tied to any minimum amount being tendered.

SM Energy said settlement for the notes tendered after the early tender date is scheduled for April 3, 2026. The market has reacted to these announcements by moving the company's shares 3.75% to a price of $32.68. Check out the company's full 8-K submission here.

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