Form CT ORDER CHESAPEAKE ENERGY CORP
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
S&P Cuts Chesapeake Energy (CHK) to 'SD' Following Nonconvertible Notes Tender
September 20, 2016 8:26 AM EDTS&P Global Ratings lowered the corporate credit rating on Chesapeake Energy Corp. (NYSE: CHK) to 'SD' from 'CC' following the early settlement of accepted nonconvertible senior notes tendered prior to the early tender date (Aug. 25, 2016), under its tender offer for nonconvertible senior notes that commenced on Aug. 15, 2016. We viewed the below-par tender offer for the 2020 and 2023 senior notes as a distressed transaction.
At the same time, we lowered the ratings on its 6.625% notes due 2020, 6.875% notes due 2020, and 5.75% notes due 2023 to 'D' from 'CC'. The recovery rating remains '6', reflecting our... More
