SM Energy announces increase in credit facility borrowing base

SM Energy Company announces that the borrowing base under the Company’s existing revolving credit facility has been increased to $1.5B, from $1.3B, as a result from its lenders’ regularly scheduled semi-annual redetermination process. SM Energy has elected to leave the commitment amount from the bank group unchanged at $1B. There were no other changes to the terms of the credit facility resulting from the borrowing base redetermination.