SM Energy Prices Upsized Offering Of $750M Of Its 6.750% Senior Notes Due 2029 And $750M Of Its 7.000% Senior Notes Due 2032

The offering of the Notes is expected to close on July 25, 2024, subject to customary closing conditions. SM Energy intends to use the net proceeds from the offering of the Notes, together with cash on hand and borrowings under its Credit Agreement, to fund the purchase price for SM Energy's recently announced pending acquisition of certain oil and gas properties, interests, and related assets located in the Uinta Basin from certain entities affiliated with XCL Resources, LLC, to redeem all of its outstanding 5.625% Notes due 2025, and to pay related fees and expenses.