SM 6.625% 15Jan2027 Corp (USD)

Bond Factsheet

Matured/ Called

SM Energy Company

Indicative

Full Lot

Bid Price

100.138

Change in Bid Price

0.016

Bid Yield (%)

4.648 %

Change in Bid Yield

remove 0.265

Ask Price

100.339

Change in Ask Price

remove 0.034

Ask Yield (%)

2.041 %

Change in Ask Yield

0.268

Indicative price as of 04 Sep 2026, 12:00am

chevron_leftchevron_right

Bond Information

SM Energy Company is an independent energy company that explores for and produces natural gas and crude oil. The Company's operations are focused on The ArkLaTex, Gulf Coast, Mid-Continent, Rocky Mountains, and Permian Basin regions.

Bond Issuer

SM Energy Company

Guarantor

Announcement Date

06 Aug 2018

Issue Date

20 Aug 2018

Maturity Date

15 Jan 2027

Years to Maturity / Next Call

0.281 / 0.078

Modified Duration

0.343 @ 04 Sep 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.625

Coupon Type

Fixed

Annual Coupon Rate

6.625

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

US78454LAP58

CUSIP

78454LAP5

Bond Currency

USD

Total Issue Size

500,000,000

Outstanding Issue Size

416,791,000

Min. Investment Quantity (Nominal)

USD 2,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Energy

Bond Sub Sector

Oil, Gas and Consumable Fuels

Issuer Credit Rating (S&P/ Fitch)

***/ BB+

Bond Credit Rating (S&P/ Fitch)

***/ BB+

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Issuer Call

On and after January 15, 2022, we may redeem all or, from time to time, a part of the Notes at the following redemption prices (expressed as a percentage of principal amount of the Notes), plus accrued and unpaid interest on the Notes, if any, to the applicable redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the twelve-month period beginning on January 15 of the years indicated below:

Year	Percentage
2022	104.969%
2023	103.313%
2024	101.656%
2025 and thereafter	100.000%

Make Whole Call

In addition, the Notes may be redeemed, in whole or in part, at any time prior to January 15, 2022 at the option of the Company, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the applicable redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).

" Applicable Premium " means, with respect to any Note on any applicable redemption date, the greater of:
(1) 1.0% of the principal amount of such Note; or
(2) the excess, if any, of:
(a) the present value at such redemption date of (i) the redemption price of such Note at January 15, 2022 (such redemption price being set forth in the table appearing above under the caption"—Optional Redemption") plus (ii) all required interest payments (excluding accrued and unpaid interest to such redemption date) due on such Note through January 15, 2022 computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over
(b) the principal amount of such Note.

Change Control Put

If a Change of Control Triggering Event occurs, unless the Company has previously or concurrently exercised its right to redeem all of the Notes as described under "—Optional Redemption," each holder will have the right to require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess of $2,000) of such holder's Notes at a purchase price in cash equal to 101% of the principal amount of the Notes plus accrued and unpaid interest, if any, to the date of purchase(subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).

" Change of Control " means:

(1) any "person" or "group" of related persons (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Company (or its successor by merger, consolidation or purchase of all or substantially all of its assets) other than as a result of any merger or consolidation in which the holders of the Voting Stock of the Company immediately prior to such transaction will, immediately after such transaction, hold or own Voting Stock of the surviving or successor entity or any parent thereof representing a majority of the voting power of the Voting Stock of such entity (for the purposes of this clause (1), such person or group shall be deemed to Beneficially Own any Voting Stock of the Company held by a parent entity, if such person or group Beneficially Owns, directly or indirectly, more than 50% of the total voting power of the Voting Stock of such parent entity);

(2) the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation),in one or a series of related transactions, of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole to any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act);or

(3) the adoption by the stockholders of the Company of a plan or proposal for the liquidation or dissolution of the Company.

" Change of Control Triggering Event " means the occurrence of a Change of Control that is accompanied or followed by a downgrade by one or more gradations (including gradations within ratings categories as well as between ratings categories) or withdrawal of the rating of the Notes within the Ratings Decline Period by either of the Rating Agencies, as a result of which the rating of the Notes by such Rating Agency on any day during such Ratings Decline Period is below the rating by such Rating Agency in effect immediately preceding the first public announcement of the Change of Control (or occurrence thereof if such Change of Control occurs prior to public announcement).

Equity Call

Prior to January 15, 2021, we may, at our option, on any one or more occasions redeem up to 35% of the aggregate principal amount of the Notes (including Additional Notes) issued under the indenture with the Net Cash Proceeds of one or more Equity Offerings at a redemption price of 106.625% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided that:

(1) at least 65% of the original principal amount of the Notes issued on the Issue Date remains outstanding after each such redemption; and

(2) the redemption occurs within 180 days after the closing of the related Equity Offering.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.