Southwestern Energy Borrows $750M to Pay Off Other Borrowed Money
One of the largest drillers in the Marcellus/Utica, Southwestern Energy, announced yesterday they're borrowing $750 million in a three-year term loan--to pay off borrowed money. Yes, we know, it's the American Way to borrow money to pay off other debts. Dave Ramsey wouldn't be impressed--and neither are we. But that's the way the game is played...
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