SM Energy closes $950M South Texas asset sale, to redeem $819M in 2026 senior notes at par

Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Completed sale of South Texas Maverick Basin assets (61,000 net acres) for ~$900M net cash after adjustments and costs on April 30, 2026.

  Item 2.01 verify on EDGAR →
• high

  Will use proceeds to fully redeem $819M of 6.75% and 5.0% senior notes due 2026 at par, eliminating near-term debt maturities and reducing interest expense.

  Item 7.01 verify on EDGAR →
• medium

  Credit facility borrowing base reaffirmed at $5B with $2.5B lender commitments despite asset sale, indicating lenders' confidence in remaining portfolio.

  Item 7.01 verify on EDGAR →