On April 2, 2026, SM Energy Company (NYSE: SM) announced the expiration of its previously announced cash tender offer to purchase up to $1 billion in aggregate principal amount of its outstanding 8.375% Senior Notes due 2028. The tender offer was initiated as part of the company's ongoing efforts to manage its debt and optimize its capital structure following its merger with Civitas Resources, Inc. As of the expiration date, $110,390,000 of the notes had been validly tendered and not withdrawn. This amount will be accepted for purchase alongside the $783,605,000 of notes accepted on March 19, 2026, bringing the total accepted amount to $893,995,000. The settlement date for the notes validly tendered after the early tender date is set for April 3, 2026. The company retained BofA Securities, Inc. as the dealer manager for the tender offer, which was not conditioned on any minimum amount of notes being tendered. This strategic move is expected to enhance SM Energy's liquidity position and reduce interest expenses, contributing positively to its financial health.

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