Southwestern Energy Secures Another Credit Facility, Shares Climb

Shares of Southwestern Energy were up big on Tuesday, after the company announced a newly created secured credit facility.
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Shares of Southwestern Energy (SWN) - Get Report were up big on Tuesday, after the company announced a newly created secured credit facility. The move buys the Houston-based oil and gas giant some time to cope with a roughly $4.7 billion debt load. Southwestern had already restructured a $2 billion credit facility. Shares of Southwestern, a member of Real Money's Stressed Out watch list, are up more than 120 percent on the year as rebounding crude oil prices have helped boost shares of oil and gas companies. But, that comes after last year when about 80 percent of Southwestern's market cap evaporated.

This article was written by a staff member of TheStreet.