Business
Caturus Energy Announces Pricing of Upsized Offering of $600 Million of Senior Notes
Caturus Energy, LLC ("Caturus Energy" or the "Company"), today announced that it has priced its private offering (the "Notes Offering") of $600 million in aggregate principal amount of 7.125% senior unsecured notes due 2031 (the "Notes") at par. The Notes Offering was upsized from the previously announced offering of $500 million in aggregate principal amount of Notes.
About this update from Sm Energy Company
[{"type":"text","content":"HOUSTON, April 13, 2026 /PRNewswire/ -- Caturus Energy, LLC ("Caturus Energy" or the "Company"), today announced that it has priced its private offering (the "Notes Offering") of $600 million in aggregate principal amount of 7.125% senior unsecured notes due 2031 (the "Notes") at par. The Notes Offering was upsized from the previously announced offering of $500 million in aggregate principal amount of Notes.","length":451,"tagName":"p"},{"type":"image","alt":"Caturus (PRNewsfoto/Caturus)","displaySize":"","headline":null,"caption":"Caturus (PRNewsfoto/Caturus)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":148,"url":"https://media.zenfs.com/en/prnewswire.com/0da0632d9558b34a2d72cd17521eec92"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/CC8iPX6jkuLeDnzQ8JfF6w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI2MQ--/https://media.zenfs.com/en/prnewswire.com/0da0632d9558b34a2d72cd17521eec92","width":400,"height":148}},"href":"https://mma.prnewswire.com/media/2772570/Caturus_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Notes Offering is expected to close on April 27, 2026, subject to customary closing conditions. The Company intends to use the net proceeds from the Notes Offering to fund a portion of the consideration for the previously announced acquisition of the Galvan Ranch assets from SM Energy Company (the "Pending Acquisition"), repay a portion of the outstanding borrowings under the Company's revolving credit facility and pay the estimated fees and expenses in connection with the Notes Offering.","length":511,"tagName":"p"},{"type":"text","content":"The Notes and the related guarantees have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and unless so registered, the Notes and the related guarantees may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person, absent registration or an applicable exemption from registration requirements. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to non-U.S. persons outside the United States only in compliance with Regulation S under the Sec...