trending Market Intelligence /marketintelligence/en/news-insights/trending/krilcElKR56OwZBaEIL8HA2 content esgSubNav
In This List

Southwestern Energy announces tender offer results

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

ESG & Technology: Impacts and Implications

Blog

Q&A: Q2'21 Power Forecast: Overheated Power Markets are Here – Who Wins, Who Loses, and Why?

Blog

Essential Energy Insights - October 2021


Southwestern Energy announces tender offer results

Southwestern Energy Co. released the final results of a previously announced tender offer to buy any and all of its 4.05% senior notes due 2020 as well as 4.10% senior notes due 2022 and 4.95% senior notes due 2025.

As of Sept. 25, the early settlement date of the offering, $757.6 million of the 2020 notes were validly tendered, after which an additional $800,000 of the notes were validly tendered before the Oct. 6 expiration date. No 2022 notes or 2025 notes will be accepted for purchase in the tender offers since the purchase price for the 2020 notes exceeded the $800 million threshold amount, according to an Oct. 10 news release.

Southwestern Energy intends to purchase all of the final tender amount Oct. 10.

J.P. Morgan Securities LLC acted as lead dealer manager, while D.F. King was retained to serve as the tender agent and information agent for the tender offers and consent solicitation.