HOUSTON, April 27, 2017 /PRNewswire/ -- Southwestern
Energy Company (NYSE: SWN) (the "Company") announced today that it
will redeem all (i) $37,991,000
aggregate principal amount outstanding of its 3.30% Senior Notes
due 2018 (the "3.30% 2018 Notes"), (ii) $187,576,000 aggregate principal amount
outstanding of its 7.50% Senior Notes due 2018 (the "7.50% 2018
Notes") and (iii) $25,800,000
aggregate principal amount outstanding of its 7.15% Senior Notes
due 2018 (the "7.15% 2018 Notes" and, together with the 3.30% 2018
Notes and the 7.50% 2018 Notes, the "Notes") on May 30, 2017, the redemption date for each of the
3.30% 2018 Notes, 7.50% 2018 Notes and 7.15% 2018 Notes (the
"Redemption Date").
The redemption price for each series of the Notes will be
calculated pursuant to the formula set forth in the applicable
indenture governing such series of the Notes.
Additional information concerning the terms and conditions of
the redemptions are fully described in the notices distributed to
holders of the Notes. Beneficial holders with any questions about
the redemptions should contact their respective brokerage firm or
financial institution.
Southwestern Energy Company is an independent energy company
whose wholly owned subsidiaries are engaged in natural gas and oil
exploration, development and production, natural gas gathering and
marketing. Additional information on the company can be found on
the Internet at http://www.swn.com.
This news release contains forward-looking statements regarding
the Company's intention to redeem the Notes. There can be no
assurance that such expectation or belief will result or be
achieved. The Company's future actions and results can and will be
affected by a variety of risks and other matters including, but not
limited to, changes in commodity prices; changes in expected levels
of natural gas and oil reserves or production; operating hazards,
drilling risks, unsuccessful exploratory activities; limited access
to capital or significantly higher cost of capital related to
illiquidity or uncertainty in the domestic or international
financial markets; international monetary conditions; unexpected
cost increases; potential liability for remedial actions under
existing or future environmental regulations; potential liability
resulting from pending or future litigation; and general domestic
and international economic and political conditions; as well as
changes in tax, environmental and other laws applicable to our
business. Other factors that could cause actual results to differ
materially from those described in the forward-looking statements
include other economic, business, competitive and/or regulatory
factors affecting our business generally as set forth in our
filings with the Securities and Exchange Commission. Unless legally
required, the Company undertakes no obligation to update publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE Southwestern Energy Company