Southwestern Energy Completes Acquisition of GEP Haynesville
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Southwestern Energy Company has closed the acquisition of GEP Haynesville. The transaction builds further scale in the Haynesville, deepens the company’s inventory, improves key financial metrics, including margins, returns and per-share ratios, fortifies SWN’s financial strength, and enhances the company’s leading presence in the two premier natural gas basins in the U.S.
In December, the company completed an offering of $1.15 billion of 4.75 percent senior notes due 2032 and a $550 million institutional term loan to fund the cash consideration for the acquisition and tender for $300 million of its 2025 senior notes. The company expects to issue 2022 guidance inclusive of the acquired properties in conjunction with its fourth quarter earnings release.
About Southwestern Energy
Southwestern Energy Company is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution.
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