Moody's Ratings assigns B1 rating to SM Energy's proposed senior notes
Moody's Ratings (Moody's) assigned a B1 rating to SM Energy Company's (SM) proposed senior notes due in 2034. Proceeds from the notes offering will be used to fund a tender offer for as much as $750 million of 8.375% senior notes due 2028 originally issued by Civitas Resources, Inc. (Civitas). SM's ...SM Energy is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. The company's operations are concentrated in the Midland Basin and South Texas.
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