Piper Jaffray Upgrades SM Energy (SM) to Overweight Amid 'Transformational' Permian Basin Deal
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SM Energy Announces Closing of Common Stock Offering and Exercise of Option
August 12, 2016 4:30 PM EDTDENVER--(BUSINESS WIRE)-- SM Energy Company (SM Energy) (NYSE: SM) announced today the closing of its previously announced underwritten public offering of 18,400,000 shares of common stock, which includes the full exercise by the underwriters of their option to purchase an additional 2,400,000 shares of common stock. Net proceeds from the sale of the shares of common stock, including as a result of the option exercise, after deducting fees and estimated expenses, were approximately $531 million.
SMÂ Energy intends to use the net proceeds from the offering to pay a portion of the purchase price for its... More
SM Energy Announces Closing of Senior Convertible Notes Offering and Exercise of Option
August 12, 2016 4:30 PM EDTDENVER--(BUSINESS WIRE)-- SM Energy Company (SM Energy) (NYSE: SM) announced today the closing of its previously announced public offering of $172,500,000 aggregate principal amount of its 1.50% senior unsecured convertible notes due 2021 (the Notes), which includes the full exercise by the underwriters of their option to purchase an additional $22,500,000 principal amount of Notes. Net proceeds from the sale of the Notes, including as a result of the option exercise, after deducting fees and estimated expenses were approximately $166.4 million. SM Energy intends to use the net proceeds from the offering of the Notes to pay the... More
