Last week we brought you the bombshell news that Southwestern Energy is buying out and merging in Montage Resources in an all-stock deal worth roughly $857 million (see Stop Press! Southwestern Energy Buying Montage Resources for $857M). In a series of announcements yesterday, Southwestern said it has just finished raising $152 million from selling more stock, and is in the process of raising another $350 million from issuing new notes (debt, IOUs). The money raised ($502 million total) will be used to pay off debt owed by Montage.
Last week we brought you the bombshell news that Southwestern Energy is buying out and merging in Montage Resources in an all-stock deal worth roughly $857 million (see 