Chesapeake Energy (CHK) Prices Upsized $1.1B Conv. Senior Notes Private Placement
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Chesapeake Energy Corporation Announces Pricing And Upsizing Of Private Placement Of $1.1 Billion Of Convertible Senior Notes
September 29, 2016 6:51 PM EDTOKLAHOMA CITY, Sept. 29, 2016 /PRNewswire/ --Â Chesapeake Energy Corporation (NYSE: CHK) today 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... More
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
