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SM Energy (NYSE: SM) fully redeems $400 million 5.000% 2026 notes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

SM Energy Company redeemed all of its 5.000% Senior Notes due 2026 by paying $400 million plus accrued and unpaid interest on May 11, 2026. These notes were issued under an indenture originally dated October 13, 2021.

By completing this redemption, the company satisfied all remaining obligations under the indenture governing the 2026 Senior Notes, and the redeemed notes and related guarantees were cancelled upon settlement.

Positive

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Negative

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Insights

SM Energy fully redeems its 2026 notes, simplifying its debt structure.

SM Energy Company paid $400 million plus accrued and unpaid interest to redeem all outstanding 5.000% Senior Notes due 2026. This removes a specific debt instrument and ends obligations under the governing indenture dated October 13, 2021.

The redemption cancels the notes and related guarantees, so this tranche will no longer appear in the company’s capital structure. Actual balance-sheet and interest‑expense effects will be visible when the company next reports full financial statements.

Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Redemption payment $400 million plus accrued and unpaid interest Paid May 11, 2026 to redeem 5.000% Senior Notes due 2026
Coupon rate 5.000% Interest rate on Senior Notes due 2026 that were redeemed
Maturity year of redeemed notes 2026 Original maturity of the Senior Notes that were fully redeemed
Indenture date October 13, 2021 Date of indenture governing the 5.000% Senior Notes due 2026
Redemption date May 11, 2026 Date SM Energy completed redemption and satisfied indenture obligations
Termination of a Material Definitive Agreement regulatory
"Item 1.02 Termination of a Material Definitive Agreement."
5.000% Senior Notes due 2026 financial
"redeem all of the aggregate principal amount outstanding of its 5.000% Senior Notes due 2026"
Indenture regulatory
"pursuant to the terms of the Indenture, dated as of October 13, 2021"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
guarantors financial
"among the Company ... the guarantors party thereto and Computershare Trust Company, N.A."
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Understanding 8-K Material Events →
0000893538false00008935382026-05-112026-05-11

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
May 11, 2026

SM Energy Company
(Exact name of registrant as specified in its charter)
Delaware001-3153941-0518430
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
1700 Lincoln Street, Suite 320080203
Denver, Colorado
(Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (303) 861-8140

Not applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common stock, $0.01 par value
SM
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 1.02    Termination of a Material Definitive Agreement.
On May 11, 2026, SM Energy Company (“Company”) paid $400 million to redeem all of the aggregate principal amount outstanding of its 5.000% Senior Notes due 2026 (“2026 Senior Notes”), plus accrued and unpaid interest, pursuant to the terms of the Indenture, dated as of October 13, 2021, among the Company (as successor in interest to Bonanza Creek Energy, Inc.), the guarantors party thereto and Computershare Trust Company, N.A. (as successor in interest to Wells Fargo Bank, National Association), which governed the 2026 Senior Notes (“Indenture”). In connection with the redemption of the 2026 Senior Notes, on May 11, 2026, the Company satisfied all of its remaining obligations under the Indenture. The redeemed 2026 Senior Notes and related guarantees were cancelled upon settlement.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SM ENERGY COMPANY
Date:May 12, 2026By:/s/ ALAN D. BENNETT
Alan D. Bennett
Vice President - Controller
(Principal Accounting Officer)

Source: View Original Filing on SEC EDGAR

FAQ

What debt did SM (SM Energy Company) redeem in this 8-K?

SM Energy Company redeemed all of its 5.000% Senior Notes due 2026. The notes were governed by an indenture dated October 13, 2021 and were fully cancelled upon settlement of the redemption.

How much did SM Energy pay to redeem its 2026 senior notes?

SM Energy paid $400 million plus accrued and unpaid interest to redeem the 5.000% Senior Notes due 2026. This payment covered the entire aggregate principal amount outstanding under that note series.

When did SM Energy complete the redemption of its 2026 notes?

SM Energy completed the redemption on May 11, 2026. On that date, the company paid $400 million plus accrued and unpaid interest and satisfied all remaining obligations under the related indenture.

What happened to the SM Energy 5.000% Senior Notes after redemption?

After the redemption, the 5.000% Senior Notes due 2026 and their related guarantees were cancelled. The company also confirmed that all remaining obligations under the governing indenture were satisfied on May 11, 2026.

Does SM Energy still have obligations under the 2026 notes indenture?

No. SM Energy stated that it satisfied all remaining obligations under the October 13, 2021 indenture governing the 5.000% Senior Notes due 2026, in connection with the full redemption and cancellation of those notes.

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