Item 1.01  Entry into a Material Definitive Agreement.
On November 13, 2020, SM Energy Company, a Delaware corporation (the "Company")
entered into the Fifth Amendment (the "Fifth Amendment") to the Sixth Amended
and Restated Credit Agreement (the "Credit Agreement") by and among the Company,
Wells Fargo Bank, National Association, as Administrative Agent, and the
institutions named therein as Lenders that are party thereto. Capitalized terms
used but not defined herein have the meanings as ascribed to such terms in the
Credit Agreement.
The Company and its lenders completed the regular, semi-annual borrowing base
redetermination process, which resulted in reaffirmation of the borrowing base
of $1.1 billion and aggregate lender commitments of $1.1 billion. The Fifth
Amendment modifies the Credit Agreement to provide for, among other things, an
extension of the date by which the Company may incur Permitted Second Lien Debt
to the April 1, 2021 scheduled redetermination, provided the other conditions to
the incurrence of such debt have been satisfied.
The foregoing description of the Fifth Amendment does not purport to be complete
and is qualified in its entirety by reference to the Fifth Amendment, a copy of
which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item 7.01  Regulation FD Disclosure.
In accordance with General Instruction B.2. of Form 8-K, the following
information shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities of that section, nor shall such information be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.
On November 16, 2020, the Company issued a press release announcing (i) the
results of the Credit Agreement borrowing base redetermination and the results
of the Fifth Amendment, as described above, (ii) other operational and financial
updates, and (iii) it will post an updated investor presentation on its website
in connection with various upcoming investor meetings. Please visit
www.sm-energy.com to access the new presentation materials. A copy of the press
release is furnished as Exhibit 99.1 to this report and incorporated by
reference herein.
Item 9.01  Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number           Description
  10.1                     Fifth Amendment to Sixth Amended and Restated Credit Agreement, dated
                         November 13, 2020, among SM Energy Company, Wells Fargo Bank, National
                         Association, as Administrative Agent, and the Lenders party thereto
  99.1                     Press release of SM Energy Company dated November 16, 2020, entitled "SM
                         Energy Announces Reaffirmation of Borrowing Base and Agreement for South
                         Texas Well Completions"
104                      Cover Page Interactive Data File (formatted as Inline XBRL and included as
                         Exhibit 101)

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