Southwestern Energy Announces Pricing of Block Trade of 63,976,376 Shares of Common Stock by Selling Stockholders
13 Dezembro 2021 - 11:32AM
Business Wire
Southwestern Energy Company (“Southwestern Energy”) (NYSE: SWN)
today announced the pricing of the previously announced
underwritten block trade of 63,976,376 shares of its common stock
(the “Common Stock”) by certain shareholders who received their
shares as part of Southwestern Energy’s acquisition of Indigo
Natural Resources LLC (the “Selling Stockholders”) resulting in
total gross proceeds to the Selling Stockholders of approximately
$328.2 million (the “Offering”). Southwestern Energy will not sell
any shares of its Common Stock in the Offering and will not receive
any proceeds from the sale by the Selling Stockholders of shares of
their Common Stock. The Offering is expected to close on December
15, 2021, subject to customary closing conditions.
J.P. Morgan Securities LLC is acting as the sole book-running
manager for the Offering. The Offering is being made pursuant to an
effective shelf registration statement, which has been filed with
the Securities and Exchange Commission (the “SEC”) and became
effective May 22, 2020. The Offering will be made only by means of
a preliminary prospectus supplement and the accompanying base
prospectus, copies of which may be obtained on the SEC’s website at
www.sec.gov.
Alternatively, J.P. Morgan Securities LLC will arrange to send
you the preliminary prospectus supplement and related base
prospectus if you request them by contacting:
J.P. Morgan Securities LLC
Attention: J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions
1155 Long Island Avenue, Edgewood, NY 11717
Email at prospectus-eq_fi@jpmchase.com
Phone at 1-866-803-9204
This news release is neither an offer to sell nor a solicitation
of an offer to buy any securities, nor shall there be any sale of
any such securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Southwestern Energy
Southwestern Energy is a leading U.S. producer of natural gas
and natural gas liquids focused on responsibly developing
large-scale energy assets in the nation’s most prolific shale gas
basins. Southwestern Energy’s returns-driven strategy strives to
create sustainable value for its stakeholders by leveraging its
scale, financial strength and operational execution.
Forward-Looking Statements
Certain statements and information in this news release may
constitute “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Exchange Act, as amended. Forward-looking statements
relate to future events, including, but not limited to statements
regarding the Offering, including the expected closing. The words
“believe,” “expect,” “anticipate,” “plan,” “predict,” “intend,”
“seek,” “foresee,” “should,” “would,” “could,” “attempt,”
“appears,” “forecast,” “outlook,” “estimate,” “project,”
“potential,” “may,” “will,” “likely,” “guidance,” “goal,” “model,”
“target,” “budget” and other similar expressions are intended to
identify forward-looking statements, which are generally not
historical in nature. Statements may be forward looking even in the
absence of these particular words. Where, in any forward-looking
statement, Southwestern Energy expresses an expectation or belief
as to future results, such expectation or belief is expressed in
good faith and believed to have a reasonable basis. We do not
intend to publicly update or revise any forward-looking statements
as a result of new information, future events, changes in
circumstances, or otherwise. These cautionary statements qualify
all forward-looking statements attributable to us, or persons
acting on our behalf. Management cautions you that the
forward-looking statements contained herein are not guarantees of
future performance, and we cannot assure you that such statements
will be realized or that the events and circumstances they describe
will occur. Factors that could cause actual results to differ
materially from those anticipated or implied in the forward-looking
statements herein include, but are not limited to: closing the GEPH
Merger, the timing and extent of changes in market conditions and
prices for natural gas, oil and natural gas liquids (“NGLs”),
including regional basis differentials and the impact of reduced
demand for our production and products in which our production is a
component due to governmental and societal actions taken in
response to COVID-19 or other public health crises and any related
company or governmental policies and actions to protect the health
and safety of individuals or governmental policies or actions to
maintain the functioning of national or global economies and
markets; our ability to fund our planned capital investments; a
change in our credit rating, an increase in interest rates and any
adverse impacts from the discontinuation of the London Interbank
Offered Rate; the extent to which lower commodity prices impact our
ability to service or refinance our existing debt; the impact of
volatility in the financial markets or other global economic
factors; difficulties in appropriately allocating capital and
resources among our strategic opportunities; the timing and extent
of our success in discovering, developing, producing and estimating
reserves; our ability to maintain leases that may expire if
production is not established or profitably maintained; our ability
to transport our production to the most favorable markets or at
all; the impact of government regulation, including changes in law,
the ability to obtain and maintain permits, any increase in
severance or similar taxes, and legislation or regulation relating
to hydraulic fracturing, climate and over-the-counter derivatives;
the impact of the adverse outcome of any material litigation
against us or judicial decisions that affect us or our industry
generally; the effects of weather; increased competition; the
financial impact of accounting regulations and critical accounting
policies; the comparative cost of alternative fuels; credit risk
relating to the risk of loss as a result of non-performance by our
counterparties; and any other factors listed in the reports we have
filed and may file with the SEC that are incorporated by reference
herein. All written and oral forward-looking statements
attributable to us are expressly qualified in their entirety by
this cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20211213005514/en/
Brittany Raiford Director, Investor Relations (832) 796-7906
brittany_raiford@swn.com
Southwestern Energy (NYSE:SWN)
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