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SM Energy redeems $417M 6.625% 2027 notes

SM Energy Co (SM) reported that on September 4, 2026 it paid $416,791,000 to redeem all outstanding principal of its 6.625% Senior Notes due 2027, plus accrued and unpaid interest.

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

Rhea-AI Filing Summary

SM Energy Co (SM) reported that on September 4, 2026 it paid $416,791,000 to redeem all outstanding principal of its 6.625% Senior Notes due 2027, plus accrued and unpaid interest. The redemption was carried out under the existing Indenture and related supplemental indentures governing these notes.

On the same date, the company satisfied all remaining obligations under the Indenture Documents as they relate to the 2027 Senior Notes, and the redeemed notes and related guarantees were cancelled upon settlement.

Positive

  • None.

Negative

  • None.
Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Redemption payment $416,791,000 Paid on September 4, 2026 to redeem all outstanding principal of 6.625% Senior Notes due 2027
Coupon rate of redeemed notes 6.625% Interest rate on Senior Notes due 2027 that were fully redeemed
Redemption date September 4, 2026 Date SM Energy Co redeemed and cancelled the 6.625% Senior Notes due 2027
Senior Notes financial
"redeem all of the aggregate principal amount outstanding of its 6.625% Senior Notes due 2027"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
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
"amended and supplemented by the Fourth Supplemental Indenture, dated as of August 20, 2018"
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.
guarantees financial
"The redeemed 2027 Senior Notes and related guarantees were cancelled upon settlement"
A guarantee is a formal promise by one party to back another party’s obligation, such as a loan, payment, or contractual duty; if the primary party fails, the guarantor must fulfill the obligation. For investors, guarantees act like a safety net that can reduce the risk of loss but depend on the guarantor’s financial strength—if the guarantor is weak, the protection may be limited.
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.

FAQ

What debt did SM (SM Energy Co) redeem on September 4, 2026?
SM Energy Co redeemed all outstanding principal of its 6.625% Senior Notes due 2027, satisfying its remaining obligations under the related Indenture Documents and cancelling the notes and associated guarantees upon settlement.

How much did SM Energy Co (SM) pay to redeem the 2027 Senior Notes?
SM Energy Co paid $416,791,000 to redeem all of the aggregate principal amount outstanding of its 6.625% Senior Notes due 2027, plus accrued and unpaid interest, in accordance with the governing Indenture and supplemental indentures.

What happened to SM Energy Co’s 6.625% Senior Notes due 2027 after redemption?
After the September 4, 2026 redemption, the 6.625% Senior Notes due 2027 and their related guarantees were cancelled upon settlement, and the company’s remaining obligations under the Indenture Documents related to these notes were satisfied.

Which agreements governed SM Energy Co’s 2027 Senior Notes that were redeemed?
The 6.625% Senior Notes due 2027 were governed by a Base Indenture dated May 21, 2015, as amended and supplemented by a Fourth Supplemental Indenture dated August 20, 2018 and a Sixth Supplemental Indenture dated January 30, 2026, collectively called the Indenture Documents.

Did SM Energy Co (SM) report termination of a material definitive agreement in this 8-K?
Yes. SM Energy Co disclosed under Item 1.02 that, in connection with the redemption of the 6.625% Senior Notes due 2027, it satisfied all remaining obligations under the Indenture Documents relating to those notes, effectively terminating that material definitive agreement as it pertains to them.

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0000893538false00008935382026-09-042026-09-04

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)
September 4, 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 September 4, 2026, SM Energy Company (“Company”) paid $416,791,000 to redeem all of the aggregate principal amount outstanding of its 6.625% Senior Notes due 2027 (the “2027 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 Fourth Supplemental Indenture, dated as of August 20, 2018, by and between the Company and the Trustee (the “Fourth 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 Fourth Supplemental Indenture, the “Indenture Documents”), all of which governed the 2027 Senior Notes. In connection with the redemption of the 2027 Senior Notes, on September 4, 2026, the Company satisfied all of its remaining obligations under the Indenture Documents as they relate to the 2027 Senior Notes. The redeemed 2027 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:September 4, 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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