SM Energy to pay down credit facility borrowings with notes proceeds

By Sara Rosenberg

New York, Jan. 25 - SM Energy Co. plans on repaying debt under its credit facility using proceeds from a $250 million senior notes offering, according to a news release.

Remaining proceeds will be used to fund ongoing capital expenditures and for general corporate purposes.

SM Energy, formerly named St. Mary Land & Exploration Co., is a Denver-based energy company engaged in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil.

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