Chesapeake Energy (CHK) Enters $850M Conv. Senior Notes Private Placement
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Chesapeake Energy Corporation Announces Private Placement Of $850 Million Of Convertible Senior Notes
September 29, 2016 7:34 AM EDTOKLAHOMA CITY, Sept. 29, 2016 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE: CHK) today announced that it has commenced a private placement to eligible purchasers of $850 million aggregate principal amount of convertible senior notes due 2026. The notes will be convertible, under certain circumstances, into cash, Chesapeake common stock or a combination of cash and Chesapeake common stock, at Chesapeake's election.
Chesapeake intends to use the net proceeds from the offering for general corporate purposes, which may include debt repurchases and the repayment of its credit facility and... More
