Southwestern Energy Announces Early Results and Upsizing of Cash Tender Offers and Consent Solicitations for Senior Notes

Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced the early results and increase in the size of its previously announced offers to purchase for cash (collectively, the “Tender Offers” and each a “Tender Offer”) up to a maximum aggregate purchase price (subject to the respective sub-caps and Acceptance Priority Levels as set forth in the table below), excluding accrued interest, equal to $900 million of the Company’s 4.10% senior notes due 2022 (the “2022 Notes”), 4.05% senior notes due 2020 (the “2020 Notes”), 4.95% senior notes due 2025 (the “2025 Notes”), 7.50% senior notes due 2026 (the “2026 Notes”) and 7.75% senior notes due 2027 (the “2027 Notes” and, together with the 2022 Notes, the 2020 Notes, the 2025 Notes and the 2026 Notes, the “Notes”) and related Consent Solicitations (as defined below), upon the terms and conditions described in the Company’s Offer to Purchase and Consent Solicitation Statement dated September 4, 2018 (the “Offer to Purchase”). The maximum aggregate purchase price of the Tender Offers, excluding accrued interest, has been increased to $901,728,320, the amount sufficient to allow the purchase of $900 million aggregate principal amount of Notes of the series described below.

According to information received from Global Bondholder Services Corporation (“GBSC”), the Tender Agent and Information Agent for the Tender Offers and Consent Solicitations, as of 5:00 p.m., New York City time, on September 17, 2018 (that date and time, the “Early Tender Time”), the Company had received valid tenders from holders of the Notes as outlined in the table below.

Aggregate Principal Amount Outstanding ($)

Series of Notes

CUSIP / ISIN Number

Sub-Cap ($)

Acceptance Priority Level

Principal Amount Tendered ($)

Total Consideration per $1,000 Principal Amount of Notes ($)(1)(2)

Final Proration Factor

4.10% Senior Notes due 2022

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