Swift Reveals $200M Offering In Debt-Staving Maneuver

By Erin Marie Daly

Law360, New York (November 10, 2009, 2:11 PM ET) -- Oil and natural gas producer Swift Energy Co. said Tuesday it plans to offer $200 million of senior notes due in 2020 in a public offering, a move it said would help pay off debt and redeem its $150 million in senior notes due in 2011.

The Houston-based company said it had filed a preliminary prospectus supplement with the U.S. Securities and Exchange Commission relating to the offering, which is expected to close later this month.

Swift said it intends to use the net proceeds from...
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