{"id":500118,"date":"2021-06-02T09:15:52","date_gmt":"2021-06-02T13:15:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/indigo-natural-resources-llc-announces-merger-with-southwestern-energy-company\/"},"modified":"2021-06-02T09:15:52","modified_gmt":"2021-06-02T13:15:52","slug":"indigo-natural-resources-llc-announces-merger-with-southwestern-energy-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/indigo-natural-resources-llc-announces-merger-with-southwestern-energy-company\/","title":{"rendered":"Indigo Natural Resources LLC Announces Merger with Southwestern Energy Company"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n HOUSTON<\/span>, June 2, 2021<\/span> \/PRNewswire\/ — Indigo Natural Resources LLC (“Indigo” or the “Company”) today announced that it has entered into a definitive merger agreement with Southwestern Energy Company (“Southwestern”, NYSE: SWN), under which Southwestern will acquire Indigo for approximately $2.7 billion<\/span>. The total consideration of $2.7 billion<\/span> will be comprised of $400 million<\/span> in cash, approximately $1.6 billion<\/span> in SWN common stock and $700 million<\/span> in aggregate principal amount of assumed 5.375% Senior Notes due 2029 of Indigo (the “Notes”). This release constitutes the public announcement of the intention of Indigo to effect a Change of Control, as defined under the indenture governing the Notes.<\/p>\n

The transaction was unanimously approved by each of Southwestern Energy’s and Indigo’s board of directors. The transaction is expected to close early in the fourth quarter of 2021, subject to regulatory approvals, customary closing conditions and the approval by Southwestern Energy’s shareholders.<\/p>\n

For more information on the transaction, please refer to ir.swn.com<\/a>. <\/p>\n

\n About Indigo Natural Resources<\/b>\n <\/p>\n

Indigo Natural Resources LLC is one of the largest natural gas producers in the Haynesville Shale and the third largest private natural gas producer in the U.S. Indigo\u00a0is an experienced operator, focused in northern Louisiana<\/span> with direct access to Gulf Coast markets and associated industrial and LNG demand growth.\u00a0Indigo\u00a0is headquartered in Houston<\/span>, Texas.\u00a0For more information, please visit the Company’s website at www.ndgo.com<\/a>. <\/p>\n

\n Forward Looking Statements <\/b>\n <\/p>\n

The information in this announcement includes “forward-looking statements.” All statements, other than statements of historical fact, included in this announcement regarding Indigo’s strategy, future operations, financial position, estimated revenue and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. \u00a0When used in this announcement, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “will”, “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Indigo’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements are dependent upon events, risks and uncertainties that may be outside Indigo’s control. Actual results could differ materially from those discussed in these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, market prices for natural gas and NGLs (including geographic basis differentials), the COVID-19 pandemic and its potential to impact Indigo’s operations and the operations of Indigo’s contractors and suppliers, production volumes, estimates of proved, probable and possible reserves, capital expenditures, lack of availability of drilling and production equipment and services, economic and competitive conditions, drilling results, regulatory changes, availability of capital and other uncertainties, all of which are difficult to predict. Factors that could affect the closing of the merger include regulatory approvals, customary closing conditions and the approval by Southwestern Energy’s shareholders. In light of these risks, uncertainties and assumptions, the forward-looking events discussed may not occur. Indigo\u00a0does not undertake any obligation to update any forward-looking statements except as otherwise required by applicable law. <\/p>\n

Contact:
Emily Newport<\/span>
IR@ndgo.com<\/a><\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/indigo-natural-resources-llc-announces-merger-with-southwestern-energy-company-301304057.html<\/a><\/p>\n

SOURCE Indigo Natural Resources LLC<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire HOUSTON, June 2, 2021 \/PRNewswire\/ — Indigo Natural Resources LLC (“Indigo” or the “Company”) today announced that it has entered into a definitive merger agreement with Southwestern Energy Company (“Southwestern”, NYSE: SWN), under which Southwestern will acquire Indigo for approximately $2.7 billion. The total consideration of $2.7 billion will be comprised of $400 million in cash, approximately $1.6 billion in SWN common stock and $700 million in aggregate principal amount of assumed 5.375% Senior Notes due 2029 of Indigo (the “Notes”). This release constitutes the public announcement of the intention of Indigo to effect a Change of Control, as defined under the indenture governing the Notes. The transaction was unanimously approved by each of Southwestern Energy’s and Indigo’s … <\/p>\n

Continue reading “Indigo Natural Resources LLC Announces Merger with Southwestern Energy Company”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-500118","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIndigo Natural Resources LLC Announces Merger with Southwestern Energy Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/indigo-natural-resources-llc-announces-merger-with-southwestern-energy-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indigo Natural Resources LLC Announces Merger with Southwestern Energy Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, June 2, 2021 \/PRNewswire\/ — Indigo Natural Resources LLC (“Indigo” or the “Company”) today announced that it has entered into a definitive merger agreement with Southwestern Energy Company (“Southwestern”, NYSE: SWN), under which Southwestern will acquire Indigo for approximately $2.7 billion. The total consideration of $2.7 billion will be comprised of $400 million in cash, approximately $1.6 billion in SWN common stock and $700 million in aggregate principal amount of assumed 5.375% Senior Notes due 2029 of Indigo (the “Notes”). This release constitutes the public announcement of the intention of Indigo to effect a Change of Control, as defined under the indenture governing the Notes. 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