SM Energy to pay down credit facility borrowings with notes proceeds

By Sara Rosenberg

New York, May 7 – SM Energy Co. plans to repay outstanding debt under its credit facility using proceeds from a $400 million senior unsecured notes offering, according to a news release.

Remaining proceeds will be used to purchase outstanding senior notes due 2019 and for general corporate purposes.

SM Energy is a Denver-based independent energy company.

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