SM Energy Announces Additional Extension of Exchange Offer for Its 6 1/2% Senior Notes
March 06 2012 - 6:00AM
Business Wire
SM Energy Company (NYSE:SM) (the “Company”) today announces that
it will extend its offer to exchange $350 million of its 6 1/2%
Senior Notes due 2021, which have been registered under the
Securities Act of 1933 (the "Exchange Notes"), in exchange for $350
million of its outstanding 6 1/2% Senior Notes due 2021, which were
issued on November 8, 2011, in a private placement (the "Original
Notes"). All other terms of the exchange offer, as described in the
prospectus dated February 2, 2012, remain unchanged.
The exchange offer will now expire at 5:00 p.m. New York City
time on March 6, 2012, unless further extended by the Company. The
Company has been advised by its exchange agent that, as of March 5,
2012 at 5:00 p.m. New York City time, $349,095,000 in aggregate
principal amount of the Original Notes had been validly tendered in
exchange for an equal amount of Exchange Notes. The exchange offer
is being extended in order to provide holders of the Original
Notes, who have not yet tendered their notes for exchange,
additional time to do so.
This press release is not an offer to buy or sell or the
solicitation of an offer to buy or sell any of the securities
described herein, nor shall there be any offer, solicitation or
sale of such securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. A registration statement on
Form S-4 relating to the exchange offer was declared effective by
the Securities and Exchange Commission on January 31, 2012. The
exchange offer was made only pursuant to the exchange offer
documents that were distributed to holders of the Original Notes,
including the prospectus dated February 2, 2012, and the
related letter of transmittal.
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 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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