SM Energy Announces Exchange Offer for $350 Million of Its 6 5/8% Senior Notes
December 12 2011 - 4:01PM
Business Wire
SM Energy Company (NYSE: SM) today announces that it commenced
an offer to exchange $350 million of its 6 5/8% Senior Notes due
2019, which have been registered under the Securities Act of 1933
(the "Exchange Notes") in exchange for $350 million of its
outstanding 6 5/8% Senior Secured Notes due 2019, which were issued
on February 7, 2011, in a private placement (the "Outstanding
Notes"). The Exchange Notes are being offered pursuant to a
registration rights agreement previously entered into in connection
with the issuance of the Outstanding Notes. The exchange offer is
being conducted upon the terms and subject to the conditions set
forth in the prospectus dated December 12, 2011, and the related
letter of transmittal.
The terms of the Exchange Notes are substantially identical to
the terms of the Outstanding Notes, except that provisions relating
to transfer restrictions, registration rights and additional
interest will not apply to the Exchange Notes. The exchange offer
is limited to holders of the Outstanding Notes. The exchange offer
is scheduled to expire at 5:00 p.m. New York time on January 11,
2012, unless extended. Outstanding Notes tendered pursuant to the
exchange offer may be withdrawn at any time prior to the expiration
date by following the procedures set forth in the exchange offer
prospectus and the related letter of transmittal. Copies of the
prospectus and the related letter of transmittal may be obtained
from U.S. Bank National Association, which is serving as the
exchange agent for the exchange offer. The address, telephone and
facsimile number of U.S. Bank National Association are as
follows:
By Facsimile for EligibleInstitutions:(615) 495-8158Attention:
Specialized Finance
By Mail/OvernightDelivery/Hand:60
Livingston AvenueSt. Paul, MN 55107Attention: Specialized
Finance
Confirm by Telephone:(800) 934-6802
About SM Energy
SM Energy Company is an independent energy company engaged in
the exploration, exploitation, development, acquisition, and
production of natural gas, natural gas liquids, and crude oil. SM
Energy routinely posts important information about the Company on
its website. For more information about SM Energy, please visit its
website at www.sm-energy.com.
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