SM Energy to redeem $417M in senior notes due 2027
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Price: $37.76 +3.62%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.3%
EPS Growth %: +26.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.3%
EPS Growth %: +26.3%
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SM Energy Company (NYSE: SM) announced it has instructed its trustee to issue a notice of full redemption of its 6.625% Senior Notes due 2027, covering $417 million in aggregate principal amount outstanding, plus accrued and unpaid interest.
The Denver-based oil and gas company said it plans to complete the redemption on September 4, 2026, using cash on hand. Following the transaction, the company said it will have no remaining Senior Notes maturities until mid-2028.
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