Oklahoma medical examiner rules oilman McClendon's deadly crash an accident
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/25/2026
- Wall St set to open higher as AI enthusiasm eases worries over higher oil prices, yields
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil slides as US-Iran truce hopes outweigh Houthi attacks on Saudi Arabia
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- Akamai signs $11.6B deal with Anthropic, up to $20B potential
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say
S&P Downgrades Chesapeake Energy (CHK) to 'SD'; Notes Recent Debt-for-Equity Exchange
June 9, 2016 2:58 PM EDTKey Points:
Chesapeake Energy Corp. announced it has or will exchange portions of its debt maturing or putable in 2018, 2019, 2021, 2022, and 2038.We view the exchanges as distressed because the investors are receiving less than the original promise and the company is currently holding, in our view, an over leveraged capital structure with potential liquidity issues in the near-term due to total 2017 maturities and a likely put totaling about $1.5 billionWe are lowering the corporate credit rating to 'SD' from... MoreKLR Sees Chesapeake's (CHK) Debt-for-Equity Swap Having Minor Negative Impact; Affirms at 'Buy'
June 9, 2016 7:57 AM EDTKLR Affirms Chesapeake (NYSE: CHK) with a Buy rating and $7 price target amid a recent dent-for-equity exchange arrangement.
ANalyst John Gerdes commented, Minor Debt For Equity Exchange (Minor Negative Value Impact) Chesapeake announced it has agreed to exchange ~$125 million in outstanding 7.25% Senior Notes due 2018,... More
