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SM Energy (NYSE: SM) fully redeems $419M 6.75% 2026 senior notes

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

Rhea-AI Filing Summary

SM Energy Company has fully redeemed its 6.75% Senior Notes due 2026, simplifying its debt structure. On June 1, 2026, the company paid $419,235,000, plus accrued and unpaid interest, to retire all outstanding principal on these notes under its existing indenture documents.

With this payment, SM Energy satisfied all remaining obligations related to the 2026 Senior Notes, and both the notes and associated guarantees were cancelled upon settlement. This action removes an entire bond issue from the company’s capital structure and eliminates future interest payments on this specific debt.

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Insights

SM Energy retires a full bond issue, reshaping near-term debt.

SM Energy Company redeemed the entire principal outstanding on its 6.75% Senior Notes due 2026 by paying $419,235,000, plus accrued and unpaid interest, on June 1, 2026. The governing indenture and supplemental indentures no longer apply to these notes.

The redemption eliminates future coupon payments at a 6.75% rate on this bond issue, which can reduce ongoing interest expense and refinancing risk tied to the 2026 maturity. Actual balance-sheet impact depends on the company’s broader debt mix and any replacement financing, which are not detailed in this excerpt.

Following settlement, the notes and related guarantees were cancelled, meaning this specific obligation is fully removed from SM Energy’s capital structure. Subsequent disclosures in regular financial reports will show how this redemption affects leverage metrics and interest costs over future reporting periods.

Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Redemption payment $419,235,000 Principal paid on 6.75% Senior Notes due 2026 on June 1, 2026
Coupon rate 6.75% Interest rate on Senior Notes due 2026 that were redeemed
Item reported Item 1.02 Termination of a material definitive agreement
6.75% Senior Notes due 2026 financial
"redeem all of the aggregate principal amount outstanding of its 6.75% Senior Notes due 2026"
Indenture financial
"pursuant to the terms of the Indenture, dated as of May 21, 2015"
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.
Supplemental Indenture financial
"as amended and supplemented by the Third Supplemental Indenture, dated as of September 12, 2016"
A supplemental indenture is a written amendment to the original bond agreement that changes specific terms of a debt contract, such as payment schedules, interest rates, collateral or covenant protections. Investors care because it alters the legal rights and risks tied to a security — like renegotiating a mortgage where the lender and borrower agree to new rules — and can affect a bond’s credit quality, yield and market value.
guarantors financial
"by and among the Company, the guarantors party thereto and the Trustee"
material definitive agreement regulatory
"Item 1.02 Termination of a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What debt did SM Energy (SM) retire on June 1, 2026?
SM Energy retired all of its 6.75% Senior Notes due 2026. The company paid the full outstanding principal of $419,235,000, plus accrued and unpaid interest, and then cancelled the notes and related guarantees upon settlement.

How much did SM Energy (SM) pay to redeem its 2026 senior notes?
SM Energy paid $419,235,000 to redeem the aggregate principal amount of its 6.75% Senior Notes due 2026. This payment was made on June 1, 2026, in addition to any accrued and unpaid interest owed on those notes.

What happens to SM Energy’s 6.75% Senior Notes due 2026 after redemption?
After redemption, SM Energy’s 6.75% Senior Notes due 2026 and their related guarantees were cancelled. The company also satisfied all remaining obligations under the governing indenture documents as they relate specifically to these notes, removing this bond issue from its capital structure.

Did SM Energy (SM) terminate a material agreement with this debt redemption?
Yes. The redemption of the 6.75% Senior Notes due 2026 is reported as a termination of a material definitive agreement. SM Energy satisfied its obligations under the indenture documents governing the notes, ending those contractual arrangements for this particular bond series.

How might SM Energy’s interest costs change after redeeming the 2026 notes?
Redeeming the 6.75% Senior Notes due 2026 removes future interest payments on that debt. While exact savings are not quantified here, eliminating a full bond issue typically reduces interest expense tied to that coupon, subject to any replacement financing the company may undertake.
0000893538false00008935382026-06-012026-06-01

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)
June 1, 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 June 1, 2026, SM Energy Company (“Company”) paid $419,235,000 to redeem all of the aggregate principal amount outstanding of its 6.75% Senior Notes due 2026 (the “2026 Senior Notes”), plus accrued and unpaid interest, pursuant to the terms of the Indenture, dated as of May 21, 2015 (the “Base Indenture”), by and between the Company and U.S. Bank National Association, (including its successor in interest, U.S. Bank Trust Company, National Association, the “Trustee”), as amended and supplemented by the Third Supplemental Indenture, dated as of September 12, 2016, by and between the Company and the Trustee (the “Third Supplemental Indenture”), and as further amended and supplemented by the Sixth Supplemental Indenture, dated as of January 30, 2026, by and among the Company, the guarantors party thereto and the Trustee (the “Sixth Supplemental Indenture” and, collectively with the Base Indenture and the Third Supplemental Indenture, the “Indenture Documents”), all of which governed the 2026 Senior Notes. In connection with the redemption of the 2026 Senior Notes, on June 1, 2026, the Company satisfied all of its remaining obligations under the Indenture Documents as they relate to the 2026 Senior Notes. 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:June 1, 2026By:/s/ ALAN D. BENNETT
Alan D. Bennett
Vice President - Controller
(Principal Accounting Officer)

Source: View Original Filing on SEC EDGAR

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