SWN 7.750% 01Oct2027 Corp (USD)

Bond Factsheet

Matured/ Called

Southwestern Energy Company

Indicative

Full Lot

Bid Price

103.750

Change in Bid Price

Bid Yield (%)

5.402 %

Change in Bid Yield

remove 0.011

Ask Price

104.981

Change in Ask Price

Ask Yield (%)

3.231 %

Change in Ask Yield

remove 0.019

Indicative price as of 08 Mar 2023, 12:00am

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Bond Information

Southwestern Energy Company is an independent energy company. The Company primarily focused on natural gas and crude oil exploration, development and production (E&P). Southwestern Energy serves customers in the State of Texas.

Bond Issuer

Southwestern Energy Company

Guarantor

Multiple Guarantors

Announcement Date

11 Sep 2017

Issue Date

25 Sep 2017

Maturity Date

01 Oct 2027

Years to Maturity / Next Call

0.989 / 0.077

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

7.750

Coupon Type

Fixed

Annual Coupon Rate

7.750

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

US845467AN98

CUSIP

845467AN9

Bond Currency

USD

Total Issue Size

500,000,000

Outstanding Issue Size

421,011,000

Min. Investment Quantity (Nominal)

USD 2,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Energy

Bond Sub Sector

Oil, Gas and Consumable Fuels

Issuer Credit Rating (S&P/ Fitch)

***/ BB+

Bond Credit Rating (S&P/ Fitch)

***/ BB+

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Issuer Call

On or after October 1, 2022, we may on any one or more occasions redeem all or a part of the 2027 notes, upon notice as provided in the indenture, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the notes redeemed, to the applicable date of redemption, if redeemed during the twelve-month period beginning on October 1 of the years indicated below, subject to the rights of holders of2027 notes on the relevant record date to receive interest on the relevant interest payment date:

Years	Percentage
2022	103.875%
2023	102.583%
2024	101.292%
2025 and thereafter	100.000%

Make Whole Call

At any time prior to October 1, 2022, we may on any one or more occasions redeem all or a part of the 2027 notes, upon notice as provided in the indenture, at a redemption price equal to 100% of the principal amount of the 2027notes redeemed, plus the relevant Applicable Premium, and accrued and unpaid interest, if any, to the date of redemption, subject to the rights of holders of notes on the relevant record date to receive interest due on the relevant interest payment date.

"Applicable Premium” means, with respect to any note at any redemption date, the greater of:

(1) 1.0% of the principal amount of the note; or
(2) the excess of:
(a) the present value at such redemption date of (ii) with respect to the 2027 notes, (x) the redemption price of the note at October 1, 2022 (such redemption price being set forth in the table applicable to the 2027 notes appearing above) plus (y) all required interest payments due on the note through October 1, 2022 (in each case excluding accrued but unpaid interest to the redemption date), in each case computed using a discount rate equal to the applicable Treasury Rate as of such redemption date plus 50basis points discounted to the redemption date on a semi-annual basis (assuming a 360 day year consisting of twelve 30 day months); over

(b) the principal amount of the note.

Change Control Put

Change of control event

If a change of control event occurs with respect to a series of notes, each holder of such notes will have the right, pursuant to the terms set forth in the indenture, to require us to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereafter) of such holder’s notes of such series at a purchase price in cash equal to 101% of the principal amount of the notes plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).

“change of control event” means the occurrence of either of the following with respect to a series of notes: (i) if such notes do not have an investment grade rating from both of the rating agencies on the first day of the trigger period, such notes are downgraded by at least one rating category (e.g., from BB+ to BB or Ba1 to Ba2) from the applicable rating of the notes on the first day of the trigger period by both of the rating agencies on any date during the trigger period, or (ii) if such notes have an investment grade rating from both of the rating agencies on the first day of the trigger period, such notes cease to have an investment grade rating from both of the ratings agencies on any date during the trigger period; provided, however, that for so long as any of our existing senior notes are outstanding, if we are required to offer to purchase any such existing senior notes as a result of the occurrence of a change of control (as defined in such existing senior notes), then the occurrence of such change of control shall constitute a change of control event. For purposes of the foregoing, “existing senior notes” means our 7.125% senior notes due 2017, our 7.35% senior notes due 2017, our 4.05% senior notes due 2020, our 4.10% senior notes due2022, and our 4.95% senior notes due 2025.

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