Southwestern Energy in $1 Billion Exchange Offer

December 31, 2012

Cleary Gottlieb represented Southwestern Energy Company in a registered A/B exchange offer of its $1 billion aggregate principal amount of its unregistered 4.10% Senior Notes due 2022 for an equal aggregate principal amount of SEC-registered Notes. The exchange offer commenced on November 29, 2012 and closed on December 31, 2012.

Cleary Gottlieb has represented long-time client Southwestern Energy in connection with various prior financing transactions, including, most recently, its Rule 144A/Reg S offering of $1 billion aggregate principal amount of its 4.10% Senior Notes due 2022 in March 2012.

Southwestern Energy is an integrated energy company whose wholly owned subsidiaries are engaged in gas and oil exploration and production, and natural gas gathering and marketing.