Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Chesapeake Energy Corp. > News item |
Chesapeake agrees to swap $125.3 million notes, convertibles for stock
By Wendy Van Sickle
Columbus, Ohio, June 8 – Chesapeake Energy Corp. has agreed to issue common stock in exchange for some of its outstanding senior notes, according to an 8-K filing with the Securities and Exchange Commission.
From May 25 through June 7, the company has issued or agreed to issue a total of 22,033,453 shares of common stock, representing about 2.9% of the company’s outstanding common stock, in exchange for the following:
• $7.5 million of its 2.25% contingent convertible senior notes due 2038 (with 2018 put rights);
• $6.5 million of its 7¼% senior notes due 2018;
• $76.3 million of its floating-rate senior notes due 2019;
• $10 million of its 5 3/8% senior notes due 2021;
• $5 million of its 6 1/8% senior notes due 2021; and
• $20 million of its 4 7/8% senior notes due 2022.
Chesapeake Energy is an oil and natural gas producer based in Oklahoma City.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.