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Southwestern's $750M tender offers fully subscribed by early tender time

SouthwesternEnergy Co.'s cash tender offers to purchase outstanding senior notes of upto $750 million have been fully subscribed.

As of 5 p.m. ET on July 19, the early tender time, holderstendered about $312.0 million of the $350 million of 3.30% senior notes due2018, about $484.0 million of the $600 million of 7.50% senior notes due 2018and about $262.1 million of the $850 million of 4.05% senior notes due 2020,according to a July 20 news release.

Southwestern Energy accepted for purchase about $312.0million of its 3.30% notes, about $388.4 million of its 7.50% notes and none ofits 4.05% notes due 2020.

The total consideration per $1,000 principal amount of notesis as follows: $1,050 for the 3.30% notes, $1,087.50 for the 7.50% notes and$1,000 for the 4.05% notes. This includes the $30 early tenderpremium for each series of notes.

Tendered notes after the early tender time will not beaccepted for purchase.

Credit Suisse Securities (USA) LLC and Mitsubishi UFJSecurities (USA) Inc. are the lead dealer managers in the tender offers.