DENVER--(BUSINESS WIRE)--Apr. 2, 2012--
SM Energy Company (NYSE:SM) today announces the completion of the put
right offer related to its outstanding 3.50% Senior Convertible Notes
due 2027 (the "Notes"). The put right offer expired at 12:00 midnight
(one minute after 11:59 p.m.), New York City time on March 30, 2012. The
tender offer was made pursuant to a Schedule TO (as amended), including
a Put Right Notice dated March 5, 2012, which set forth the terms of the
put right.
Based on information from Wells Fargo Bank, N.A., the paying agent for
the Notes, holders of $14,000 aggregate principal amount of the Notes
had exercised their put right prior to the expiration of the put right
offer. The aggregate purchase price of the Notes for which holders had
exercised their put right was $14,000, which the Company has paid in
cash.
This press release is for information only and is not an offer to
purchase, a solicitation of an offer to purchase, or a solicitation of
an offer to sell securities of SM Energy Company. The offer to purchase
the Notes was made only pursuant to the Company's Put Right Notice dated
March 5, 2012, as supplemented and amended, and related documents.
Materials filed with the SEC will be available electronically without
charge at the SEC's website, www.sec.gov.
Documents filed with the SEC may also be obtained without charge at SM
Energy's website, www.sm-energy.com.
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in the
acquisition, exploration, development, and production of crude oil,
natural gas, and natural gas liquids in onshore North America. SM Energy
routinely posts important information about the company on its website.
For more information about SM Energy, please visit its website at www.sm-energy.com.
Source: SM Energy Company
SM Energy Company
James R. Edwards, 303-837-2444
