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Southwestern Energy: Not Out of the Woods Yet
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Southwestern Energy continues to feel the heat in regard to its debt load, especially with the company's near-term debt maturities.
2016 Timeline:June 9, 2016 - Southwestern sold a portion of its Appalachia assets to Antero for $450 million
June 28, 2016 - Southwestern announced that it had refinanced its debt with its lenders. The company had to put up its Fayetteville assets as collateral for the refinancing (more details below).
June 29, 2016 - Southwestern tapped the equity markets for $1.1 billion to repay its debt.
Looking Forward - SWN's Liquidity Position / Debt MaturitiesLooking at Southwestern's current liquidity position, the company is facing an onslaught of debt maturities in 2018.
This will require the company to be disciplined in their spending / activities in 2016-2017…
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