Southwestern Energy repays, terminates $546 million term loan

By William Gullotti

Buffalo, N.Y., Dec. 30 – Southwestern Energy Co. repaid in full all outstanding debt under its term loan credit agreement with JPMorgan Chase Bank, NA as administrative agent on Dec. 30, according to an 8-K filing with the Securities and Exchange Commission.

The approximately $546 million payoff amount included principal, accrued interest, fees and expenses. Southwestern funded the repayment with approximately $305 million in cash on hand and approximately $250 million of borrowings from its revolver.

Upon repayment, the facility was terminated.

Southwestern Energy is a Spring, Tex.-based producer of natural gas and natural gas liquids.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.