Southwestern Energy repays borrowings under $500 million term loan

By Tali Rackner

Norfolk, Va., April 15 – Southwestern Energy Co. repaid all amounts outstanding under its $500 million unsecured two-year term loan credit agreement using proceeds from the sale of its gathering assets located in northeastern Pennsylvania and borrowings under its revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Bank of America, NA is the administrative agent and Merrill Lynch, Pierce, Fenner & Smith Corp. is the lead arranger and bookrunner.

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

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