Southwestern completes public offering of $2,200 million of senior notes

Southwestern Energy Co. (NYSE: SWN) has completed its 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 totaling $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's $4,500 million 364-day bridge term loan facility and will be used to repay a portion of amounts outstanding under Southwestern's revolving credit facility.

BofA Merrill Lynch, RBS, Citigroup, JP Morgan, and Wells Fargo Securities acted as joint book-running managers for the offering of the notes. 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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