SM Energy Prices $400 Million Private Offering of Senior Notes Due 2023 - SM Energy (NYSE:SM)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

SM Energy Company (NYSE: SM) today announces that it has priced a private offering of $400 million of 6.50% senior unsecured notes due 2023. The Company increased the size of the offering from the previously announced $300 million to $400 million. These senior notes will be issued at par. The offering is expected to close on June 29, 2012, subject to customary closing conditions. SM Energy intends to use the net proceeds from the offering to repay outstanding borrowings under its credit facility and for general corporate purposes.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!