SM Energy Launches $750 Million Cash Tender Offer for 8.375% Notes Due 2028
Civitas Resources CIVI | 27.38 | Delist |
SM Energy Company SM | 30.62 | +3.80% |
SM Energy Company launched a cash tender offer to buy up to $750 million principal amount of outstanding 8.375% senior notes due 2028 that were originally issued by Civitas Resources and assumed by SM Energy in its merger with Civitas. The offer pays $981.75 per $1,000 principal amount, or $1,031.75 with a $50 early tender premium for notes tendered by March 17, 2026, plus accrued interest, with the offer set to expire April 1, 2026. Completion is subject to conditions including SM Energy’s successful completion of a new senior debt offering.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SM Energy Company published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603040810PR_NEWS_USPR_____LA01098) on March 04, 2026, and is solely responsible for the information contained therein.
