Houston-based Southwestern Energy Company has closed its acquisition of GEP Haynesville, a move that deepens the company’s inventory in one of the two premier natural gas basins in the country.
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.