SM Energy begins $500M senior notes exchange offer

SM Energy Co.

SM Energy Co. (NYSE: SM) has begun an offer to exchange $500 million of its 5% senior notes due 2024 in exchange for $500 million of its outstanding 5% senior notes due 2024, which were issued on May 20, 2013, in a private placement.

The exchange notes are being offered pursuant to a registration rights agreement previously entered into in connection with the issuance of the outstanding notes. The exchange offer is being conducted upon the terms and subject to the conditions set forth in the prospectus dated May 23, 2014, and the related letter of transmittal.

SM Energy is engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in onshore North America.

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