Each one in plain English, with the numbers worked through for a shareholder.
6 May 2020material agreement▼ BadMajor
SM Energy's lenders amended its credit agreement to accommodate the pending distressed debt exchange, capping new second-lien debt at $827.5 million and letting 2021 convertible noteholders take a second-lien security interest.
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 it issued its first quarter 2020 results and updated its 2020 operating plan, and cancelled the May 7, 2020 conference call in favor of a pre-recorded call and slides.
SM Energy Co filed its proxy statement for the virtual May 27, 2020 annual meeting, asking holders to elect nine directors, approve executive pay, ratify Ernst & Young, and authorize a 1-for-5 to 1-for-20 reverse stock split.
SM Energy Co gave notice of its virtual annual meeting on May 27, 2020, with votes on electing nine directors, executive pay, auditor ratification, and a proposed reverse stock split.
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 issued a press release with its third quarter 2019 results and an operational update, and scheduled a conference call for November 1, 2019. The release said 2019 production guidance was up, production costs down and capital unchanged.
SM Energy refiled its September 19 credit-agreement amendment disclosure to remove Regulation FD information included by mistake; no new substantive terms.
SM Energy updated its 2019 guidance with higher production and lower capital spending and reported second quarter production, pricing and capital expenditures, with full earnings due August 1 and a call on August 2.
SM Energy amended its credit agreement, adding BMO Harris Bank as a lender, raising the borrowing base from $1.5 billion to $1.6 billion and the elected commitments from $1.0 billion to $1.2 billion.
SM Energy announced it would release first quarter 2019 earnings after market close on May 1, with a conference call on May 2, and issued preliminary first quarter production, pricing and capital expenditure figures.
SM Energy Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).