Southwestern Energy completes acquisition of GEP Haynesville

The transaction builds further scale in the Haynesville

Southwestern Energy Company (SWN) announced that it has closed the acquisition of GEP Haynesville (GEP). The transaction builds further scale in the Haynesville, deepens the company’s inventory, improves key financial metrics, including margins, returns and per-share ratios, fortifies SWN’s financial strength and enhances the company’s leading presence in the two premier natural gas basins in the US.

In December, the company completed an offering of $1.15 billion of 4.75% senior notes due 2032 and a $550 million institutional term loan to fund the cash consideration for the acquisition and tender for $300 million of its 2025 senior notes. The Company expects to issue 2022 guidance inclusive of the acquired properties in conjunction with its fourth quarter earnings release.