Southwestern Energy to repay term loan facility via asset sale proceeds

By Tali Rackner

Norfolk, Va., March 19 – Southwestern Energy Co. plans to repay borrowings under its $500 million term loan facility with the proceeds from the sale of asset sales located in Bradford and Lycoming counties in northeastern Pennsylvania, according to a press release.

The facility matures in December 2016.

Southwestern Energy is a Houston-based independent natural gas and oil company.

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