On Jan. 20, Southwestern Energy Co. (NYSE: SWN) said it priced its public offering of several groups of senior notes.
There was $350 million, in aggregate principal amount, of 3.30% senior notes due 2018, $850 million of 4.05% senior notes due 2020 and $1 billion of 4.95% senior notes due 2025, the company said.
Net proceeds are expected to be about $2.2 billion, and will repay borrowings under the 364-day bridge term loan facility. They also might repay some outstanding amounts under the revolving credit facility, Southwestern said.
The sale is scheduled to settle Jan. 23.
BofA Merrill Lynch, RBS, Citigroup (NYSE: C), J.P. Morgan and Wells Fargo Securities LLC are joint book-running managers, the company said. BBVA and Credit Agricole CIB are joint book-running managers for the 2018 note offering. MUFG and RBC Capital Markets are joint book-running managers for the 2020 note offering. Mizuho Securities and SMBC Nikko are joint book-running managers for the 2025 note offering.
Spring, Texas-based Southwestern Energy Co. produces and develops domestic oil and natural gas.
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