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By Ru Back Packer Staff, updated Sunday, January 28, 9:11 AM

Slide #196. Southwestern Energy Company Preferred Stock Offering

Company: Southwestern Energy Company (NYSE:SWN)
Date announced: 1/12/2015
Shares Offered: 26,086,957
Date of Pricing: 1/15/2015
Price Per Share: $23.00
Preferred Stock Offering Details: Southwestern Energy Company (NYSE: SWN) today announced that it is commencing registered underwritten public offerings of 20,260,000 shares of its common stock and 26,000,000 depositary shares, each of which represents a 1/20th interest in a share of Southwestern Energy's Series B Mandatory Convertible Preferred Stock, with a liquidation preference of $1,000 per share (equivalent to a $50 liquidation preference per depositary share). Southwestern Energy will grant the respective underwriters a 30-day option to purchase up to 3,039,000 additional shares of its common stock and, solely to cover over-allotments, up to 3,900,000 additional depositary shares. The offering of the common stock is not contingent upon the offering of the depositary shares, and the offering of the depositary shares is not contingent upon the offering of the common stock. The proceeds from the offerings will be used to partially repay borrowings under Southwestern Energy's $4,500,000,000 364-day bridge term loan facility.

Southwestern Energy is a holding company and an independent natural gas and oil company. Co.'s primary business is the exploration for and production of natural gas and oil, with its operations principally focused within the U.S. on development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas. Through its affiliated midstream subsidiaries, Co. is engaged in natural gas gathering activities in Arkansas and Louisiana. As of Dec 31 2016, Co. had total estimated proved reserves of 5.25 trillion cubic feet equivalent, comprised of 4.87 trillion cubic feet of natural gas, 10.5 million barrels (MMBbls) of oil and 53.9 MMBbls of natural gas liquids.
Open the SWN Page at Ru Back Packer »

Name: Southwestern Energy Company
Sector: Oil & Gas Exploration & Production
Number of ETFs Holding SWN: 55 (see which ones)
Total Market Value Held by ETFs: $328,830,118.61
Total Market Capitalization: $2,716,000,000
% of Market Cap. Held by ETFs: 12.11%

Open the SWN Page at Ru Back Packer (in a new window) »

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