Southwestern Energy borrows $1.55 billion under credit facility

By Marisa Wong

Morgantown, W.Va., April 4 – Southwestern Energy Co. borrowed about $1.55 billion under its existing credit agreement dated Dec. 16, 2013, according to an 8-K filing with the Securities and Exchange Commission.

The company borrowed the funds on March 30 and repaid the full amount on April 1.

The $1.55 billion borrowing was in addition to other borrowings in the ordinary course of business, the filing noted.

The credit agreement matures on Dec. 14, 2018.

JPMorgan Chase Bank, NA is the administrative agent.

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

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