SM ENERGY'S LENDER GROUP UNANIMOUSLY REAFFIRMS BORROWING BASE AND APPROVES AMENDMENT TO CREDIT AGREEMENT

Core Points - SM Energy Company announced the completion of its semi-annual borrowing base redetermination, reaffirming the borrowing base at $3.0 billion and maintaining the elected commitment amount at $2.0 billion [1][2] - An amendment to the existing Credit Agreement was made, replacing the prior springing maturity provision with a more flexible structure based on short-term debt and borrowing availability [1][2] - The Executive Vice President and Chief Financial Officer expressed satisfaction with the reaffirmed borrowing base and unchanged commitment levels, indicating continued trust from banking partners in SM Energy's strategy and financial strength [2] Company Overview - SM Energy Company is an independent energy company involved in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs, primarily in Texas and Utah [2]