Business
SM ENERGY ANNOUNCES CREDIT FACILITY AMENDMENT
SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) announced today the Fourth Amendment to its existing credit agreement that includes:
About this update from Sm Energy Company
[{"type":"text","content":"Amendment increases borrowing base and lender commitments while extending maturity date","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"DENVER, Jan. 30, 2026 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) announced today the Fourth Amendment to its existing credit agreement that includes:","length":202,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Borrowing Base Increase: The borrowing base increased to $5.0 billion.","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Lender Commitments Increase: Lender commitments increased to $2.5 billion.","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Expanded Bank Group: The Company's bank group now includes 18 banks with the addition of three to the bank group.","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"Extension of Maturity Date: The facility's scheduled maturity date has been extended to January 30, 2031, further strengthening the Company's long-term capital structure.","length":183,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":459,"olType":false},{"type":"text","content":"These enhancements were unanimously supported by the Company's bank group, demonstrating confidence in the Company's top-tier assets, operational execution, and disciplined capital management.","length":200,"tagName":"p"},{"type":"text","content":"Executive Vice President and Chief Financial Officer Wade Pursell commented: "We are excited to welcome three new banks to our bank group and appreciate the strong support of all our lenders. Today's amendments significantly enhance our liquidity and underscore the quality of our assets and the strength of our balance sheet. With no outstanding borrowings under the credit facility at closing, and expected proceeds from divestitures this year, we are encouraged by recent discussions with the rating agencies and intend to manage our business to investment-grade metrics. We are well-positioned to execute our business plan and create long-term value for our stakeholders."","length":690,"tagName":"p"},{"type":"text","content":"ABOUT SM ENERGY","length":15,"tagName":"p"},{"type":"text","content":"SM Energy Company is an independent energy company engaged in the acquisiti...