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New Issue-Swift Energy sells $225 mln 10-yr notes

Wed Nov 11, 2009 11:37am EST

Stocks

    
  Nov 11 (Reuters) - Swift Energy Co (SFY.N) late Tuesday
sold $225 million of senior notes, said a source familiar with
the transaction on Wednesday.
 The size of the deal was increased from an originally
planned $200 million.
  JPMorgan, Goldman Sachs, RBC, and Wells Fargo were the
joint bookrunning managers for the sale.
BORROWER: SWIFT ENERGY COMPANY
AMT $225 MLN     COUPON 8.875 PCT    MATURITY 1/15/2020 
TYPE SR NTS      ISS PRICE 98.389    FIRST PAY 1/15/2010
MOODY'S B3       YIELD 9.125 PCT     SETTLEMENT 11/25/2009
S&P BB-MINUS     SPREAD 564 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS    NON-CALLABLE 5 YEARS*
*MAKE-WHOLE CALL 50 BPS

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