SM Energy Co 8-K

What Happened
SM Energy Co (SM) filed a Form 8-K on March 18, 2026, furnishing a press release that reports early results of a previously announced cash tender offer for 8.375% Senior Notes due 2028 (originally issued by Civitas Resources, Inc.). The company announced it increased the maximum principal amount to be accepted from $750,000,000 to $1,000,000,000 and extended the Early Tender Premium through the Expiration Date specified in the press release. The press release is furnished as Exhibit 99.1.

Key Details

• Tender Offer originally targeted up to $750,000,000 of outstanding 8.375% Senior Notes due 2028; maximum accepted amount increased to up to $1,000,000,000.
• Announcement date: March 18, 2026.
• Notes subject to the offer were originally issued by Civitas Resources, Inc. (8.375% Senior Notes due 2028).
• The Early Tender Premium was extended until the Tender Offer's Expiration Date (see press release for the exact deadline and terms).

Why It Matters
This filing updates investors on changes to a cash tender offer affecting holders of the 8.375% Senior Notes due 2028—specifically a larger potential repurchase amount and an extended early-tender incentive. Bondholders should review the press release and the tender offer documents for exact deadlines, payment terms and participation instructions. The Form 8-K notes the press release is "furnished" (Exhibit 99.1) and not "filed," which is a standard Form 8-K disclosure practice.