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SM ENERGY ANNOUNCES EXPIRATION AND FINAL TENDER RESULTS OF PREVIOUSLY ANNOUNCED CASH TENDER OFFER

SM
  • SM Energy Company announced final tender results for its cash tender offer to purchase up to $1 billion of outstanding 8.375% Senior Notes due 2028.
  • As of April 1, 2026, $110,390,000 in aggregate principal amount of Notes were validly tendered after the early tender date but prior to expiration.
  • SM Energy accepted the $110,390,000 newly tendered amount plus $783,605,000 accepted earlier on March 19, 2026, for a total purchase of $893,995,000.
  • The settlement date for all accepted Notes validly tendered after the early tender date is April 3, 2026.
  • The Tender Offer was not conditioned on any minimum amount of Notes being tendered.
  • BofA Securities, Inc. served as dealer manager & solicitation agent, while D.F. King & Co., Inc. acted as Tender Agent & Information Agent.
  • SM Energy is an independent energy company engaged in acquiring, exploring, developing, & producing crude oil, natural gas, & natural gas liquids in Colorado, New Mexico, Texas, & Utah.