Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Southwestern Energy Company    SWN

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Southwestern Energy Company : Southwestern Energy Prices $1 Billion In US -Source

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/29/2012 | 09:32pm CEST

(Adds deal size and final pricing terms in first two paragraphs, Fitch note in 4th, 5th paragraphs)

 
   By Patrick McGee 
   Of  
 

Southwestern Energy Co. (SWN) sold $1 billion of 10-year notes in the U.S. credit markets Wednesday, according to a person familiar with the matter.

The 4.10% coupon notes were priced to yield 4.115%, or 2.125 percentage points over the Treasury rate.

The Rule 144A private-placement notes are expected to be rated Baa3 by Moody's Investors Service and BBB-minus by Standard & Poor's and Fitch Ratings--the lowest investment-grade ratings.

Fitch said Wednesday the company has a "strong record" of reserve replacement and production growth and low leverage.

"SWN's reserve growth has been through the drill bit as opposed to the checkbook and has averaged greater than 400% over the last three years," Fitch noted. "The focus of the company has been on its home turf, the Fayetteville Shale play, where it has operated for more than a decade and which has a calculated reserve life of approximately 12 years using 2011's production figures. Fayetteville holds approximately 87% of SWN's total proved reserves."

Southwestern intends to use the proceeds to repay some outstanding debt under a credit facility. It may also use proceeds for general working capital, including to fund 2012 capital programs.

A change of control provision will allow investors to redeem the notes at 101 cents on the dollar in case the company is acquired.

Citigroup and J.P. Morgan are leading the sale.

-By Patrick McGee, Dow Jones Newswires; 212-416-2382; patrick.mcgee@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOUTHWESTERN ENERGY COMPAN
03/21 SOUTHWESTERN ENERGY : Declares Dividend on Mandatory Convertible Preferred Stock
03/21 SOUTHWESTERN ENERGY : Declares Dividend On Mandatory Convertible Preferred Stock
03/09 Bull market turns 8 - historical facts and figures
03/06 Tyson and Deutsche Bank slide; Southwestern Energy jumps
02/28 SOUTHWESTERN ENERGY : Northwest Chamber to hold annual economic outlook forum
02/23 SOUTHWESTERN ENERGY : reports 4Q loss
02/23 SOUTHWESTERN ENERGY : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIO..
02/23 SOUTHWESTERN ENERGY CO : Results of Operations and Financial Condition, Financia..
02/23 SOUTHWESTERN ENERGY CO : Regulation FD Disclosure, Financial Statements and Exhi..
02/23 SOUTHWESTERN ENERGY : Pivots To Value-Adding Growth And Announces Guidance For 2..
More news
Sector news : Oil & Gas Exploration and Production - NEC
03/25DJOil Investors Tap Deep Cash Well -- WSJ
03/24DJA $1 Billion 'Blank Check' Is Raised to Shop in the Oil Patch -- Update
03/24DJRiverstone, Retired Energy Executive Raise Nearly $1 Billion to Shop in Oil P..
03/24DJRiverstone, Retired Energy Executive Get Billion-Dollar Check to Shop in Oil ..
03/23 HUSKY ENERGY : Canada's Saskatchewan province reviews pipeline rules after Husky..
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
03/14 Nat gas futures fall again, now -25% YTD in oversupplied market
03/13 Traders Are Selling Into The Latest Natural Gas Bull Run - Natural Gas Daily
03/13 Weekly Natural Gas Recap - Late Winter Storm Pushes Gas Prices Higher
03/13 What's The Best U.S. Natural Gas Producer To Buy?
03/11 MARKETPLACE ROUNDTABLE : Preparing For All Kinds Of Market Weather
Advertisement
Financials ($)
Sales 2017 3 181 M
EBIT 2017 761 M
Net income 2017 360 M
Debt 2017 3 794 M
Yield 2017 -
P/E ratio 2017 10,63
P/E ratio 2018 8,08
EV / Sales 2017 2,38x
EV / Sales 2018 2,17x
Capitalization 3 765 M
More Financials
Chart SOUTHWESTERN ENERGY COMPAN
Duration : Period :
Southwestern Energy Compan Technical Analysis Chart | SWN | US8454671095 | 4-Traders
Full-screen chart
Technical analysis trends SOUTHWESTERN ENER...
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 41
Average target price 11,8 $
Spread / Average Target 56%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
William J. Way President, Chief Executive Officer & Director
Catherine A. Kehr Chairman
Joe Alan Stubblefield Senior Vice President-Operations
Robert Craig Owen CFO, Principal Accounting Officer & Senior VP
Gregory D. Kerley Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SOUTHWESTERN ENERGY CO..-30.13%3 765
EOG RESOURCES INC-6.17%54 749
CONOCOPHILLIPS-12.05%54 500
CNOOC LTD-4.25%53 148
OCCIDENTAL PETROLEUM C..-11.79%48 020
WILLIAMS PARTNERS LP5.39%38 978
More Results