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Southwestern Wraps Up $2.179B Senior Note Offering

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   |    Monday,January 26,2015

Southwestern Energy Company announced the completion of its previously announced public offering of $350 million aggregate principal amount of its 3.300% senior notes due 2018, $850 million aggregate principal amount of its 4.050% senior notes due 2020 and $1,000 million aggregate principal amount of its 4.950% senior notes due 2025, with net proceeds from the offering totaling approximately $2,179 million after underwriting discounts and offering expenses.

The Notes were sold to the public at a price of 99.949% of their face value for the 2018 Notes, 99.897% of their face value for the 2020 Notes and 99.782% of their face value for the 2025 Notes.

The proceeds from the offering were used to repay all principal and interest remaining outstanding under Southwestern Energy's $4,500 million 364-day bridge term loan facility and will be used to repay a portion of amounts outstanding under Southwestern Energy's revolving credit facility.

BofA Merrill Lynch, RBS, Citigroup, J.P. Morgan and Wells Fargo Securities acted as joint book-running managers for the offering of the Notes. In addition, BBVA acted as a joint book-running manager for the offering of the 2018 Notes, Credit Agricole CIB acted as a joint book-running manager for the offering of the 2018 Notes, MUFG acted as a joint book-running manager for the offering of the 2020 Notes, RBC Capital Markets acted as a joint book-running manager for the offering of the 2020 Notes, Mizuho Securities acted as a joint book-running manager for the offering of the 2025 Notes and SMBC Nikko acted as a joint book-running manager for the offering of the 2025 Notes.


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