Swift Energy Co. - 2015-06-23

Began the process for a new, $640 million first-lien term loan. The proposed loan will mature five years after a scheduled mid-July closing. Proceeds will repay outstanding revolving credit facility borrowings, which totaled $263 million on May 31. They will also pay fees and expenses and support general corporate purposes including capex. The loan is subject to several conditions. J.P. Morgan Securities LLC is lead arranger.