Ground- and space-based planet searches employing radial velocity techniques and transit photometry have detected thousands of planet-hosting stars in the Milky Way. The chemistry of these atmospheres is controlled by the shape and absolute flux of the stellar spectral energy distribution, however, flux distributions of relatively inactive low-mass stars are poorly known at present. To better understand exoplanets orbiting low-mass stars, we have executed a panchromatic (X-ray to mid-IR) study of the spectral energy distributions of 11 nearby planet hosting stars, the {\it Measurements of the Ultraviolet Spectral Characteristics of Low-mass Exoplanetary Systems} (MUSCLES) Treasury Survey. The MUSCLES program consists of contemporaneous observations at X-ray, UV, and optical wavelengths. We show that energetic radiation (X-ray and ultraviolet) is present from magnetically active stellar atmospheres at all times for stars as late as M5. Emission line luminosities of \ion{C}{4} and \ion{Mg}{2} are strongly correlated with band-integrated luminosities. We find that while the slope of the spectral energy distribution, FUV/NUV, increases by approximately two orders of magnitude form early K to late M dwarfs ($\approx$~0.01~to~1), the absolute FUV and XUV flux levels at their corresponding habitable zone distances are constant to within factors of a few, spanning the range 10~--~70 erg cm$^{-2}$ s$^{-1}$ in the habitable zone. Despite the lack of strong stellar activity indicators in their optical spectra, several of the M dwarfs in our sample show spectacular flare emission in their UV light curves. Finally, we interpret enhanced $L(line)$/$L_{Bol}$ ratios for \ion{C}{4} and \ion{N}{5} as tentative observational evidence for the interaction of planets with large planetary mass-to-orbital distance ratios ($M_{plan}$/$a_{plan}$) with the transition regions of their host stars.

THE MUSCLES TREASURY SURVEY. I. MOTIVATION AND OVERVIEW*