4 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Catherine A Kehr received 5,076 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Dec 2017director interest notice● Neutral
Clayton A. Carrell became a SOUTHWESTERN ENERGY CO Executive Vice President & COO and company insider (initial ownership filing).
6 Dec 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO Senior Vice President James W Vick disposed of 644 shares via option/appreciation-right settlement.
6 Dec 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO Sr. VP and General Counsel John C. Ale disposed of 3,535 shares via option/appreciation-right settlement.
6 Dec 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO Vice President and Controller Colin P O'beirne disposed of 573 shares via option/appreciation-right settlement.
6 Dec 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO Interim CFO and SVP Jennifer E Stewart had 518 shares withheld for taxes on vesting stock.
6 Dec 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP - Administration Jennifer N. Mccauley disposed of 716 shares via option/appreciation-right settlement.
6 Dec 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP SWN Advance Paul W Geiger III had 1,676 shares withheld for taxes on vesting stock.
6 Dec 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO Vice President -- HS&E Charles G Stoute had 557 shares withheld for taxes on vesting stock.
1 Dec 2017material agreement● Neutral
Holders of a majority of the 4.10% 2022 notes and 4.95% 2025 notes consented to change the limits on liens in those notes' indentures, to match those on the 2025, 2026 and 2027 notes. The company was to pay holders who consented $5.00 per $1,000 of notes. This continues the September debt clean-up of the notes.
26 Oct 2017quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $737.0 million and net income of $77.0 million for the period ended 2017-09-30.
26 Oct 2017quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $737.0 million and net income of $77.0 million for the period ended 2017-09-30.
3 Oct 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Catherine A Kehr received 4,909 shares as part of the equity award.
25 Sept 2017debt financing● NeutralMajor
Southwestern closed its sale of $650 million of 7.500% notes due 2026 and $500 million of 7.750% notes due 2027, raising about $1,133 million net. The proceeds repaid and ended the term loan (the loan the Sept 11 credit amendment depended on), and the rest, with cash on hand, funds the tender offers announced earlier. It also amended the liens covenant on its 4.050% 2020 notes after receiving enough holder consents, and announced early tender results (figures not shown in the visible text).
13 Sept 2017securities registration● Neutral
SOUTHWESTERN ENERGY CO filed a prospectus supplement for an offering off its existing shelf.
12 Sept 2017material agreement● NeutralMajor
On September 11, 2017 Southwestern agreed to sell $650 million of 7.500% senior notes due 2026 and $500 million of 7.750% senior notes due 2027, expected to close September 25, 2017, with net proceeds of about $1,133 million. About $327 million is to repay and end the 2015 term loan, which is what triggers the credit amendment filed the same day. The rest, with cash on hand, funds tender offers for all its 4.05% 2020 notes and up to $100 million each of its 4.10% 2022 and 4.95% 2025 notes.
11 Sept 2017debt financing● NeutralMajor
On September 11, 2017 Southwestern amended its June 2016 secured term loan and revolver, raising the minimum interest coverage ratio to 2.00x, giving the option of a maximum leverage test in place of minimum liquidity, and letting it keep the first $500 million of asset-sale proceeds. The amendment only takes effect once the 2015 term loan is repaid in full; $327 million remained outstanding on June 30, 2017.
11 Sept 2017securities registration● Neutral
SOUTHWESTERN ENERGY CO filed a free-writing prospectus - marketing material for an offering in progress.
11 Sept 2017securities registration● Neutral
SOUTHWESTERN ENERGY CO filed a prospectus supplement for an offering off its existing shelf.
28 Aug 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO insider Mark K Boling had 32,915 shares withheld for taxes on vesting stock.
7 Aug 2017director interest notice● Neutral
James D Cecil became a SOUTHWESTERN ENERGY CO EVP - Corporate Development and company insider (initial ownership filing).
7 Aug 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO EVP - Corporate Development James D Cecil received 128,205 shares and a 282,131-share option grant as part of the equity award.
3 Aug 2017quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $811.0 million and net income of $284.0 million for the period ended 2017-06-30.
3 Aug 2017quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $811.0 million and net income of $284.0 million for the period ended 2017-06-30.
5 July 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Catherine A Kehr received 4,992 shares as part of the equity award.
16 June 2017director interest notice● Neutral
Jennifer E Stewart became a SOUTHWESTERN ENERGY CO SVP - Tax and Treasury and company insider (initial ownership filing).
13 June 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Gary Luquette received 31,260 shares as part of the equity award.
13 June 2017director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Patrick M. Prevost received 31,260 shares as part of the equity award.
12 June 2017director interest notice● Neutral
Patrick M. Prevost became a SOUTHWESTERN ENERGY CO director and company insider (initial ownership filing).
12 June 2017director interest notice● Neutral
Gary Luquette became a SOUTHWESTERN ENERGY CO director and company insider (initial ownership filing).