SM ENERGY'S LENDER GROUP UNANIMOUSLY REAFFIRMS BORROWING BASE AND APPROVES AMENDMENT TO CREDIT AGREEMENT
SM Energy (NYSE: SM) announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility on October 16, 2025. The lender group reaffirmed the borrowing base at $3.0 billion and the elected commitment remained unchanged at $2.0 billion. The company also executed an amendment to its Credit Agreement that replaces a springing maturity provision with a more flexible structure tied to short-term debt and borrowing availability. Management said the actions reflect banking partners' continued trust in SM Energy's disciplined strategy and financial strength.
SM Energy (NYSE: SM) ha annunciato il completamento della sua rivalutazione semestrale della base di prestito ai sensi della sua linea di credito revolving basata su riserve il 16 ottobre 2025. Il gruppo di prestatori ha riaffermato la base di prestito a 3,0 miliardi di dollari e l'impegno eletto è rimasto invariato a 2,0 miliardi di dollari. L'azienda ha anche stipulato una modifica al Credit Agreement che sostituisce una clausola di maturità springing con una struttura più flessibile legata al debito a breve termine e alla disponibilità di credito. La direzione ha dichiarato che le azioni riflettono la fiducia continua dei partner bancari nella strategia disciplinata di SM Energy e nella solidità finanziaria.
SM Energy (NYSE: SM) anunció la finalización de su nueva determinación semestral de la base de endeudamiento bajo su facilidad de crédito revolvente basada en reservas el 16 de octubre de 2025. El grupo de mantenedores reafirmó la base de endeudamiento en 3.0 mil millones de dólares y el compromiso elegido se mantuvo sin cambios en 2.0 mil millones de dólares. La empresa también ejecutó una enmienda a su Credit Agreement que reemplaza una disposición de vencimiento springing por una estructura más flexible ligada a la deuda a corto plazo y a la disponibilidad de préstamos. La dirección dijo que las acciones reflejan la confianza continua de los socios bancarios en la estrategia disciplinada y la solidez financiera de SM Energy.
SM Energy (NYSE: SM)은 자원 기반 순환 신용 한도에 대한 반년 간 차입 기준 재결정 완료를 2025년 10월 16일에 발표했습니다. 대주단 그룹은 차입 기준을 30억 달러로 재확인했고 선택된 커밋먼트도 20억 달러로 동일하게 유지되었습니다. 회사는 또한 신용 계약에 대한 수정 조치를 실행하여 스프링링 만기 조항을 단기 부채 및 차입 가능성에 연결된 보다 유연한 구조로 대체했습니다. 경영진은 이 조치들이 SM Energy의 규율 있는 전략과 재무적 강점에 대한 은행 파트너들의 지속적인 신뢰를 반영한다고 말했습니다.
SM Energy (NYSE: SM) a annoncé l’achèvement de sa réévaluation semestrielle de sa base d’emprunt dans le cadre de sa ligne de crédit renouvelable axée sur les réserves, le 16 octobre 2025. Le groupe prêteur a réaffirmé la base d’emprunt à 3,0 milliards de dollars et l’engagement élu est resté inchangé à 2,0 milliards de dollars. La société a également procédé à un amendement de son Credit Agreement qui remplace une disposition d’échéance springing par une structure plus flexible liée à la dette à court terme et à la disponibilité d’emprunt. La direction a indiqué que ces actions reflètent la confiance continue des partenaires bancaires dans la stratégie disciplinée et la solidité financière de SM Energy.
SM Energy (NYSE: SM) hat die halbjährliche Neubewertung der Darlehnsbasis im Rahmen ihrer reservenbasierten revolvierenden Kreditfazilität am 16. Oktober 2025 abgeschlossen. Die Kreditgebergruppe bestätigte die Darlehnsbasis auf 3,0 Milliarden USD und der electierte Commitments blieb unverändert bei 2,0 Milliarden USD. Das Unternehmen hat außerdem eine Änderung seines Credit Agreement umgesetzt, die eine springende Fälligkeit durch eine flexiblere Struktur ersetzt, die mit kurzfristiger Verschuldung und Verfügbarkeit von Kredit verbunden ist. Das Management sagte, die Maßnahmen spiegeln das fortgesetzte Vertrauen der Bankpartner in SM Energy's disziplinierte Strategie und finanzielle Stärke wider.
SM Energy (NYSE: SM) أعلنت إكمال إعادة التحديد نصف السنوية لقاعدة الاقتراض بموجب تسهيلات الائتمان الدائرية المتعلقة بالاحتياطيات في 16 أكتوبر 2025. مجموعة المقرضين اعادت تأكيد قاعدة الاقتراض عند 3.0 مليار دولار وبقي الالتزام المُنتخب دون تغيير عند 2.0 مليار دولار. كما نفذت الشركة تعديلًا في اتفاقية الائتمان يحل محل بند الاستحقاق التلقائي بنطاق أكثر مرونة مرتبط بالديون قصيرة الأجل وتوفر الاقتراض. قال المسؤولون إن هذه الإجراءات تعكس استمرار ثقة الشركاء المصرفيين في استراتيجية SM Energy والانضباط المالي.
SM Energy (NYSE: SM)宣布在其基于储量的循环信贷额度下完成半年度借款基准重新确定，日期为2025年10月16日。贷款方集团再次确认借款基准为30亿美元，选定的承诺仍维持在20亿美元。公司还就其信贷协议执行了一项修订，将一个“springing”到期条款替换为与短期债务和借款可用性相关的更具弹性的结构。管理层表示，这些举措反映了银行合作伙伴对SM Energy的纪律性战略和财务实力的持续信任。
- Borrowing base reaffirmed at $3.0 billion
- Commitment unchanged at $2.0 billion
- Credit agreement amended to add flexible short-term maturity structure
- Sign of lender confidence in company strategy and financial strength
- None.
The Company also announced an amendment to its existing Credit Agreement, which replaces the prior springing maturity provision with a more flexible structure based on short-term debt and borrowing availability.
Executive Vice President and Chief Financial Officer Wade Pursell commented: "We're pleased with the reaffirmed borrowing base and unchanged commitment levels, which—alongside the amended terms—reflect our banking partners' continued trust in SM Energy's disciplined strategy and financial strength."
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 NGLs in the states of
SM ENERGY INVESTOR CONTACTS
Pat
Meghan Dack, mdack@sm-energy.com, 303-837-2426
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SOURCE SM Energy Company
FAQ
What did SM Energy announce about its borrowing base on October 16, 2025?
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