SM Energy to launch 8M-share offering

|About: SM Energy Company (SM)|By:, SA News Editor

SM Energy (NYSE:SM) -3.6% AH after announcing a public offering of 8M common shares, with an underwriters option to purchase up to an additional 1.2M units.

SM says it plans to use the proceeds to acquire ~4,100 net acres of additional oil and gas assets in the Midland Basin, to pay down debt and for general corporate purposes.

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