Chesapeake Energy (CHK) Enters $850M Conv. Senior Notes Private Placement
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Chesapeake Energy (CHK) Prices Upsized $1.1B Conv. Senior Notes Private Placement
September 30, 2016 6:14 AM EDTChesapeake Energy Corporation (NYSE: CHK) announced that it has priced its private placement to eligible purchasers of $1.1 billion aggregate principal amount of 5.5% convertible senior notes due 2026. The private placement was upsized from a previously announced amount of $850 million. The company also has granted the initial purchasers a 30-day option to purchase up to an additional $150 million aggregate principal amount of notes.
The notes will be convertible, under certain specified circumstances, into cash, Chesapeake common stock or a combination of cash and Chesapeake common stock, at Chesapeake's election. The conversion rate will initially equal 116.7134... More
Chesapeake Energy (CHK) Enters Private Purchase, Exchange Agreements for Common Stock
September 29, 2016 9:23 AM EDTChesapeake Energy (NYSE: CHK) disclosed the following in a U.S. SEC filing on Thursday:
Item 8.01. Other Events.
As of September 29, 2016, Chesapeake Energy Corporation (the Company) entered into privately negotiated purchase and exchange agreements under which the Company has agreed to exchange an aggregate of 6,670,906 shares... More
Chesapeake Energy (CHK) Offers Update on 2019 Notes Redemption Litigation; Has Engaged in Talks with U.S. DOJ, USPS, State Agency Reps
September 29, 2016 7:46 AM EDTChesapeake Energy (NYSE: CHK) disclosed the following in a U.S. SEC filing on Thursday:
Item 8.01. Other Events.
On September 29, 2016, Chesapeake Energy Corporation issued a press release regarding the commencement of a private placement to eligible purchasers of $850 million aggregate principal amount of convertible senior notes due 2026. A copy of the press release is filed as Exhibit 99.1 and incorporated by reference in this current report.
In connection with the private placement, we are providing the following information, which is also disclosed in the confidential offering circular for the private... More
Chesapeake Energy (CHK) volatility stays low on oil below $45 and board departures
September 27, 2016 1:02 PM EDTChesapeake Energy (NYSE: CHK) is recently down 9% after as oil's slide below $45 and board member resignations. Option implied volatility index mean is at 78, compared to its 52-week range of 62 to 240, according to Livevol.
... MoreChesapeake Energy (CHK) Disclosed that Vincent Intrieri and Jack Lipinski Resigned from the Board
September 27, 2016 8:50 AM EDTChesapeake Energy (NYSE: CHK) disclosed that Vincent J. Intrieri and John J. (Jack) Lipinski informed the Board of Directors of the Company that they have resigned from the Board of Directors effective as of September 26, 2016. Mr. Intrieri has been an independent member of the... More
Icahn nominee resigns from Chesapeake board; shares tumble
September 27, 2016 8:44 AM EDTBy Arathy S Nair
(Reuters) - Chesapeake Energy Corp (NYSE: CHK) said on Tuesday that two directors, including a representative of activist investor Carl Icahn, resigned on Monday, a week after Icahn more than halved his stake in the natural gas producer.
Chesapeake said the resignations of Icahn representative Vincent Intrieri, along with John Lipinski, board members since June 2012 and June 2014 respectively, were not due to any disagreements. (http://bit.ly/2cSkDJK)
However, the No. 2 U.S. natural gas producer did not specify why the two had stepped down. Chesapeake, Icahn, Intrieri and... More
Chesapeake Energy (CHK) Offers Final Results of Aggregate $800M non-Convertible Notes Tender Offer
September 27, 2016 7:02 AM EDTChesapeake Energy Corporation (NYSE: CHK) announced the expiration and final results of its offers to purchase for cash (the "Tender Offers") up to $800,000,000 aggregate purchase price (exclusive of accrued interest) (the "Aggregate Maximum Purchase Amount") of the outstanding notes of Chesapeake set forth in the table below (collectively, the "Notes"). As of 11:59 p.m., New York City time, on September 26, 2016 (such date and time, the "Expiration Date"), Chesapeake received valid tenders totaling approximately $933.3 million aggregate principal amount of the Notes.
The following table sets forth the approximate aggregate principal amounts of... More
