Southwestern Energy Co. - 2015-01-21

Description

Closed concurrent public offerings of 30 million common shares and 34.5 million depositary shares. Common shares priced at $23 each. Each depositary share represented a 5% interest in a share of 6.25% Series B mandatory convertible preferred stock. All proceeds will partly repay borrowings under the $4.5 billion, 364-day bridge term loan facility. BofA Merrill Lynch, Citigroup, J.P. Morgan, Wells Fargo Securities LLC and BMO Capital Markets were joint book-running managers for the common stock offering. BofA Merrill Lynch, Citigroup, J.P. Morgan, Wells Fargo Securities LLC and BNP Paribas were joint book-running managers for the depositary share offering.

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Estimated Price
$2.0MM
Financing Type
Report Date