SM Energy Boosts Offering

By Denver Business Journal

SM Energy Co. on Monday said it was boosting the size of its previously announced private notes offering by $100 million.

The Denver company (NYSE: SM) is now offering $350 million of 6.625 percent senior unsecured notes. The notes will be due in 2019.

The offering is expected to close on Feb. 7.

SM Energy said it will use proceeds from the offering to repay debt, fund ongoing capital expenditures and for general corporate purposes.

SM Energy previously was named St. Mary Land & Exploration Co. The company is in the crude oil and natural gas business.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/denver/news/2011/01/31/sm-energy-boosts-offering.html?ana=thestreet

Copyright bizjournals.com 2010

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