From a Monday press release:
Houston, Texas June 27, 2016...Southwestern Energy Company (NYSE: SWN) today announced that it has entered into agreements with substantially all of its bank group for its $2.0 billion revolving line of credit and its $750 million term loan to extend maturities and modify certain other terms and conditions of the credit facilities.
We have taken a significant step in managing our debt maturities and liquidity, said Bill Way, President and Chief Executive Officer. We have extended liquidity availability and a major portion of our debt by two years with only modest additional cost and covenants. These actions deliver on the plan we discussed previously to strengthen the balance sheet, which is a key component of setting the Company up for value adding growth. We truly value the strong relationships we have with our bank group and appreciate the hard work and trust that the participating banks demonstrated in us throughout this amendment and extension process.