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SM Energy (SM) Prices Larger 16M Share Common Stock Offering for Proceeds of $480M

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SM Energy Announces Pricing of Upsized Common Stock Offering

August 9, 2016 12:22 AM EDT

DENVER--(BUSINESS WIRE)-- SM Energy Company (SM Energy) (NYSE: SM) announced today that it priced an upsized underwritten public offering of 16,000,000 shares of common stock for gross proceeds of approximately $480 million. The offering was upsized from the previously announced offering of 15,000,000 shares of common stock. SM Energy also granted the underwriters a 30-day option to purchase up to 2,400,000 additional shares of common stock. The offering is expected to close on August 12, 2016, subject to customary closing conditions.

SM Energy intends to use the net proceeds from the offering to pay a portion of the... More

SM Energy Prices Upsized $150,000,000 Public Offering of Senior Convertible Notes Due 2021

August 9, 2016 12:02 AM EDT

DENVER--(BUSINESS WIRE)-- SM Energy Company (SM Energy) (NYSE: SM) announced today that it has priced an upsized offering of $150,000,000 aggregate principal amount of its 1.50% senior unsecured convertible notes due 2021 (the Notes). The offering was upsized from the previously announced offering of $100,000,000 aggregate principal amount of Notes. The Notes will be issued at par. SM Energy has also granted the underwriters a 30-day option to purchase up to an additional $22,500,000 aggregate principal amount of the Notes. The offering is expected to close on August 12, 2016, subject to customary closing conditions.

SM Energy intends... More

Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy Company

August 8, 2016 8:02 AM EDT

NEW YORK, Aug. 8, 2016 /PRNewswire/ -- Riverstone Holdings LLC ("Riverstone") has announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P. ("Fund V") and minority partners have agreed to sell Rock Oil Holdings LLC ("Rock Oil" or the "Company"), a Houston- and Denver-based oil and gas company focused in the Permian Basin, to SM Energy Company (NYSE: SM, "SM Energy"), a Denver-based oil and gas company, for $980 million in cash.  The transaction is subject to customary closing conditions and is expected to... More

SM Energy Announces Public Offering of Common Stock

August 8, 2016 6:51 AM EDT

DENVER--(BUSINESS WIRE)-- SM Energy Company (NYSE: SM) announced today that it has commenced an underwritten public offering of 15,000,000 shares of its common stock. The Company expects to grant the underwriters in the offering a 30-day option to purchase up to 2,250,000 additional shares of common stock.

SM Energy intends to use the net proceeds from the offering to pay a portion of the purchase price for its recently announced acquisition of all of the outstanding membership interests of an entity holding undeveloped leasehold interests, producing wells and associated infrastructure assets... More