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 CET

(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
01/09 MARKETS RIGHT NOW : Stocks end mostly lower on Wall Street
01/05 TRADE ALERT : Covered-Call reports for Chemours Co, Intel, Southwestern Energy C..
01/03 McKesson and Morgan Stanley climb; Southwestern Energy drops
2016 Twitter and FedEx fall; Southwestern Energy, InvenSense rise
2016 S&P 500 MOVERS : Acn, swn
2016 ADAMS RESOURCES & ENERGY : Announces Executive Appointment
2016 SOUTHWESTERN ENERGY : Tackett Named Inaugural Recipient of Scharlau Family Endow..
2016 SOUTHWESTERN ENERGY : Declares Dividend On Mandatory Convertible Preferred Stock
2016 SOUTHWESTERN ENERGY : Declares Dividend On Mandatory Convertible Preferred Stock
2016 ADAMS RESOURCES & ENERGY : Appoints New CFO
More news
Sector news : Oil & Gas Exploration and Production - NEC
12:08aDJOil Search Revenue Lifted by Stronger Prices
01/20 U.S. exports fill Asia's LNG demand gap as market tightens
01/19DJCnooc Sees Drop in Oil, Gas Output, Rise in Capex in 2017
01/19DJOil-Patch Deal Pays Off Big -- WSJ
01/19DJWoodside Expecting Production to Recover with New Projects
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
01/23 Southwestern Energy, Cabot Oil & Gas upgraded at Barclays
01/19 Natural Gas Prices - A Flicker Of Hope
01/18 Exxon cut to Sell at UBS as likely to underperform peers for "several years"
01/09 Daily Pain - Thoughts On Energy Positions To Start 2017
01/04 SOUTHWESTERN ENERGY : Strong Company But Takeaway Headaches Remain
Advertisement
Financials ($)
Sales 2016 2 440 M
EBIT 2016 -59,9 M
Net income 2016 -2 326 M
Debt 2016 3 763 M
Yield 2016 0,28%
P/E ratio 2016 -
P/E ratio 2017 11,48
EV / Sales 2016 3,45x
EV / Sales 2017 2,63x
Capitalization 4 662 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
TrendsBearishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 40
Average target price 13,6 $
Spread / Average Target 44%
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..-13.03%4 662
PACIFIC EXPLORATION AN..--.--%127 717
CONOCOPHILLIPS1.18%62 856
EOG RESOURCES INC4.32%60 799
CNOOC LTD0.73%56 367
OCCIDENTAL PETROLEUM C..-3.71%52 416
More Results