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Southwestern Energy Announces Early Results of Cash Tender Offers and Increase in Maximum Tender Amount

Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced the early results of its previously announced cash tender offers (the “Tender Offers”) to purchase for cash up to $250,000,000 aggregate principal amount (the “Maximum Tender Amount”) of its 4.95% Senior Notes due 2025 (the “2025 Notes”) and its 7.75% Senior Notes due 2027 (the “2027 Notes” and, together with the 2025 Notes, the “Notes”), subject to the terms and conditions described in the Company’s Offer to Purchase dated November 23, 2021 (the “Offer to Purchase”).

In addition, the Company announced an increase in the Maximum Tender Amount from $250,000,000 to $300,000,000. The other terms of the Tender Offers, including the proration provisions, the acceptance priority levels and the sub cap for the 2027 Notes, as described in the Offer to Purchase, are unchanged.

According to information received from Global Bondholder Services Corporation (“GBSC”), the Tender Agent and Information Agent for the Tender Offers, as of 5:00 p.m., New York City Time, on November 7, 2021 (the “Early Tender Time”), the Company had received validly tendered (and not validly withdrawn), Notes as set forth in the table below.

 

 

Aggregate
Principal
Amount Outstanding
(U.S. $)

Principal
Amount
Tendered
(U.S. $)

 

Principal
Amount
Accepted
(U.S. $)

Acceptance
Priority
Level

 

Title of Notes

CUSIP
Number
/ISIN

 

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

4.95% Senior Notes due 2025(3)

845467AM3

$689,454,000

 

$400,795,000

 

 

$300,000,000

 

1

$1,105

 

7.75% Senior Notes due 2027

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Nachrichtenquelle: Business Wire (engl.)
08.12.2021, 01:01  |  113   |   |   

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Southwestern Energy Announces Early Results of Cash Tender Offers and Increase in Maximum Tender Amount Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced the early results of its previously announced cash tender offers (the “Tender Offers”) to purchase for cash up to $250,000,000 aggregate principal amount (the “Maximum Tender …

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