NYSE:SMOil and Gas
SM Energy Debt Tender After Civitas Deal Resets Balance Sheet And Valuation
SM Energy (NYSE:SM) has completed a cash tender offer of nearly US$900 million for its senior notes.
The notes were originally assumed as part of the company’s merger with Civitas Resources.
The company reported final results and settlement of the offer, affecting a substantial portion of its outstanding debt.
For equity holders, this move sits at the intersection of corporate finance and the core business of SM Energy, an exploration and production company focused on oil and gas...