PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 20, 12:21 PM
| This Slide: #401 of 620 |
Slide #401. Southwestern Energy Company — Preferred Stock Offering
Company:
Southwestern Energy Company (NYSE:SWN)
Date announced:
1/12/2015
Shares Offered:
30,000,000
Date of Pricing:
1/15/2015
Price Per Share:
$50
Preferred Stock Offering Details:
The depositary shares entitle the holders, through the bank depositary, to a proportional fractional interest in the rights and preferences of the Series B Mandatory Convertible Preferred Stock, including conversion, dividend, liquidation and voting rights, subject to certain limited exceptions. Unless converted earlier at the option of the holders, each share of Series B Mandatory Convertible Preferred Stock (and, correspondingly, each depositary share) will automatically convert into a variable number of shares of common stock on or around January 15, 2018. The conversion rates, dividend rate and other terms of the Series B Mandatory Convertible Preferred Stock will be determined at the time of pricing of the offering of the depositary shares.
Southwestern Energy is a holding company. Through its subsidiaries, Co. is an independent energy company engaged in exploration, development and production activities, including the related marketing of natural gas, associated natural gas liquids (NGLs) and oil produced in its operations. Co.'s primary business is the exploration for and production of natural gas as well as associated NGLs and oil, with its ongoing operations focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia, Ohio and Louisiana. Co.'s marketing activities market and transport natural gas, oil, and NGLs primarily produced in its exploration and production operations.
Open the SWN Page at Preferred Stock Channel »
|
|||||||||||||||||||||
|
|
Open the SWN Page at Preferred Stock Channel (in a new window) »
 Free SWN Email Alerts:
Get Dividend Alerts 
Get SEC Filing Alerts
|
Avg. Broker Rec.
  
|
Hold (2.42 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
|
|
