Chesapeake provides final results of senior notes offer

Chesapeake Energy Corp. (NYSE: CHK) has provided final results of its offer to purchase its 2.75% contingent convertible senior notes due 2035 at the option of the holders of the notes pursuant to the terms of the notes. The holders' right to surrender their notes for repurchase expired at 5 p.m., New York time, on Nov. 15. 

As of the expiration of the holders' right to surrender their notes for repurchase, $393,757,000 aggregate principal amount of notes were tendered and not withdrawn. After giving effect to the repurchase, an aggregate of $2,044,000 principal amount of the notes remain outstanding. Chesapeake expected the final settlement of the holders' right to surrender their notes for repurchase to occur on Nov. 16.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...