SM Energy Co. (NYSE: SM) has priced a private offering of $600 million of 6.125% senior unsecured notes due 2022. The company increased the size of the offering from the previously announced $400 million to $600 million. These senior notes will be issued at par.
The offering is expected to close on Nov. 17. The company intends to use the net proceeds from the offering to repay outstanding borrowings under its credit facility and for general corporate purposes.