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SWIFT ENERGY COMPANY NEWSSWIFT ENERGY ANNOUNCES PUBLIC OFFERINGS OF COMMON STOCK AND SENIOR SUBORDINATED NOTESHOUSTON, July 13, 1999 - Swift Energy Company (NYSE, PCX: SFY) today announced that it intends to make a public offering of 4,000,000 shares of its common stock and a concurrent public offering of $125,000,000 of senior subordinated notes. The offerings will be made under the Company’s effective shelf registration statement filed with the Securities and Exchange Commission covering the issuance from time to time of up to $275,000,000 of various securities of the Company. The two offerings are not conditioned on one another. The offerings are expected to commence in late July 1999. Salomon Smith Barney, CIBC World Markets, Credit Suisse First Boston, Dain Rauscher Wessels, and Jefferies & Company, Inc. are expected to be managers of any underwriting syndicate offering the common stock to the public. Salomon Smith Barney Inc., CIBC World Markets, Morgan Stanley Dean Witter, Credit Suisse First Boston, Banc One Capital Markets, Inc., ABN AMRO, Inc., and SG Cowen Securities Corporation are expected to be managers of any underwriting syndicate offering the senior subordinated notes to the public. The Company will sell the securities. Swift Energy Company is an independent oil and gas company engaged in the development, exploration, acquisition and operation of oil and gas properties, with a focus on U.S. onshore natural gas reserves. When available, a prospectus supplement and accompanying prospectus relating to the common stock and a prospectus supplement and accompanying prospectus relating to the Senior Subordinated Notes may be obtained from the offices of Salomon Smith Barney, 388 Greenwich Street, New York, NY 10013, telephone number (212) 816-6000. This material includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the Company’s business are set forth in the filings of the Company with the Securities and Exchange Commission. 16825 Northchase Drive, Suite 400, Houston, Texas 77060
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This page was last updated on Monday, January 10, 2005, at 08:16:43 AM. Copyright © 1994-2008 by Swift Energy Company. |
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