Southwestern Energy Closes USD 1.85bn Acquisition of GEP Haynesville.

MANews-(C)2009-2022

US-based natural gas producer Southwestern Energy Company (NYSE: SWN) has closed the acquisition of GEP Haynesville, LLC, the company said.

The USD 1.85bn, cash and shares deal was announced last November.

GEP Haynesville, LLC, a joint venture formed by the principals of GeoSouthern Haynesville, LP and a private equity firm, and based in the Woodlands, Texas, is an energy company focused on the development of natural gas properties in the stacked Haynesville and Middle Bossier shale plays in North Louisiana.

The transaction builds further scale in the Haynesville, deepens the company's inventory, improves key financial metrics, including margins, returns and per-share ratios, fortifies SWN's financial strength and enhances the company's leading presence in the two premier natural gas basins in the US.

In December, the company completed an offering of USD 1.15bn of 4.75% senior notes due 2032 and a USD 550m...

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