DENVER, Aug. 6, 2018 /PRNewswire/ -- SM Energy
Company ("SM Energy") (NYSE: SM) announced today that it has priced
an offering of $500.0 million
aggregate principal amount of its 6.625% senior unsecured notes due
2027 (the "Notes"). The Notes will be issued at par. The offering
is expected to close on August 20,
2018, subject to customary closing conditions.
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 6.500% Senior Notes due 2023 (CUSIP
No. 78454L AK6) and up to an aggregate principal amount not to
exceed $85,000,000 of its 6.125%
Senior Notes due 2022 (CUSIP No. 78454L AF7).
BofA Merrill Lynch, Wells Fargo Securities, J.P. Morgan,
Barclays, BBVA and RBC Capital Markets are acting as joint
book-running managers. The Notes are being offered and will
be sold pursuant to an effective shelf registration statement that
was filed with the Securities and Exchange Commission on
August 6, 2018. This offering is
being made only by means of a prospectus dated August 6, 2018 and related prospectus supplement
dated August 6, 2018. Before
you invest, you should read the preliminary prospectus supplement
and accompanying base prospectus in that registration statement for
more complete information about this offering. A copy of the
prospectus supplement and accompanying base prospectus relating to
this offering may be obtained from the representatives of the
several underwriters by contacting:
BofA Merrill Lynch
NC1-004-03-43
200 North College Street, 3rd floor
Charlotte, NC 28255-0001
Attn: Prospectus Department
E-mail: dg.prospectus_requests@baml.com
Wells Fargo Securities, LLC
608 2nd Ave. S, Suite 1000
Minneapolis, MN 55402
Attn: WFS Customer Service
E-mail: wfscustomerservice@wellsfargo.com
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Attn: Post-Sale Fulfillment
E-mail: prospectus-eq_fi@jpmchase.com
You may also obtain these documents free of charge when they are
available by visiting the Securities and Exchange Commission's
website at www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
INFORMATION ON FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements as
defined under the federal securities laws, including statements
regarding the intended use of offering proceeds and other aspects
of the Notes offering. Although management believes that
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to be correct. In addition, these statements are
subject to certain risks, uncertainties and other assumptions that
are difficult to predict and may be beyond our control, including
market conditions, customary offering closing conditions and other
factors described in the prospectus and accompanying prospectus
supplement for the offering. If one or more of these risks or
uncertainties materialize, or if underlying assumptions prove
incorrect, the Company's actual results may vary materially from
what management anticipated, estimated, projected or
expected.
Investors are encouraged to closely consider the disclosures
and risk factors contained in the Company's annual and quarterly
reports filed from time to time with the Securities and Exchange
Commission and in the prospectus and related prospectus
supplement. The statements herein speak only as of the date
of this press release. The Company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in
the acquisition, exploration, development, and production of crude
oil, natural gas, and natural gas liquids in onshore North
America.
SM ENERGY CONTACTS:
INVESTORS: Jennifer Martin
Samuels, jsamuels@sm-energy.com, 303-864-2507
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SOURCE SM Energy Company