Southwestern Energy Co. - 2015-01-12

Opened a public offering of about 20.3 million common shares and 26 million depositary shares. Each represents a 1/20 interest in a share of series B mandatory convertible preferred stock. Proceeds will partly repay borrowings under the $4.5 billion, 364-day bridge term loan facility. Underwriters granted monthlong option to purchase about 3 million additional common shares and 3.9 million additional depositary shares. Depositary shares will be listed on New York Stock Exchange under ticker “SWNC” pending approval. BofA Merrill Lynch, Citigroup, J.P. Morgan, Wells Fargo Securities LLC and BMO Capital Markets are joint book-running managers.