Each one in plain English, with the numbers worked through for a shareholder.
29 Apr 2020material agreement▼ BadMajor
Facing the 2020 oil price crash, SM Energy launched private exchange offers for up to $900 million of its unsecured notes across five maturities, swapping them for new 10% second-lien secured notes, and locked in cash-only settlement on its convertible notes.
SM Energy Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
SM Energy Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
Integrated Assets II LLC, ICS Opportunities II LLC, ICS Opportunities, Ltd, Integrated Assets, Ltd, Cognizant Holdings, Ltd, Millennium International Management LP, Millennium Management LLC, Millennium Group Management LLC, Israel A. Englander reported a SM Energy Co shareholding of 753,887 shares (0.70% of votes) in a periodic institutional filing.
SM Energy refiled its September 19 credit-agreement amendment disclosure to remove Regulation FD information included by mistake; no new substantive terms.
SM Energy raised its 2019 production guidance and reported strong early well results in the Permian (Wolfcamp D, Dean) and South Texas (Austin Chalk), moving toward its goal of being free-cash-flow positive in the second half of the year.
As commodity prices firmed, SM Energy's credit facility borrowing base was raised from $1.5 billion to $1.6 billion, with a new lender joining the syndicate.
SM Energy Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).