Southwestern Energy in $1 Billion Offering

March 5, 2012

Cleary Gottlieb represented Southwestern Energy Company in a Rule 144A/Reg. S offering of $1 billion aggregate principal amount of 4.10% Senior Notes due March 15, 2022. The offering proceeds will be used to repay outstanding indebtedness under Southwestern Energy’s senior credit facility and the remaining proceeds will be used for general corporate purposes. The offering priced on February 29 and closed on March 5.

Cleary Gottlieb has represented long-time client Southwestern Energy in connection with various prior financing transactions, including, most recently, its Third Amended and Restated Credit Agreement dated as of February 14, 2011.

Southwestern Energy is an integrated energy company whose wholly-owned subsidiaries are engaged in gas and oil exploration and production, and natural gas gathering and marketing.