Follow-On Offering and Convertible Preferred Offering

Energy
Follow-On Offering and Convertible Preferred Offering

Summary

Baird served as a co-manager on the offering.

About

Southwestern Energy Company (“Southwestern” or the “Company”) (NYSE: SWN) recently completed a follow-on offering of 30,000,000 common shares at a price of $23.00 per share, generating gross proceeds of $690.0 million. Concurrent with the common share offering, Southwestern also completed a $1.7 billion offering of Series B Mandatory Convertible Preferred Stock. The Company intends to use the net proceeds from the offerings to partially repay amounts outstanding under a term loan facility entered into in connection with the acquisition of certain Marcellus and Utica Shale assets in December 2014.

Southwestern is an independent energy company engaged in natural gas and oil exploration, development and production. The Company is also focused on creating and capturing additional value through natural gas gathering and marketing. Southwestern’s operations are principally centered on unconventional natural gas reservoirs including the Fayetteville Shale in Arkansas and the Marcellus and Utica Shales in the eastern United States. Southwestern also has exploration and production activities ongoing in Colorado, Louisiana and Texas and in the Arkoma Basin in Arkansas and Oklahoma. The Company is headquartered in Houston, Texas.

For additional information about this transaction, please contact:

Frank Murphy +1 (314) 445-6532
Curtis Goot +1 (314) 445-6540
Nick Alfermann +1 (314) 445-6531
Gary Placek +1 (414) 765-3611
Energy
Follow-On Offering and Convertible Preferred Offering
Date
January 2015
Company
Southwestern Energy Company
Transaction
M&A
Sectors
Energy
Target Location
North America

Share