Chesapeake Energy leaders admitted in a government filing they met Wednesday with “certain institutional investors,” this as the Oklahoma City company prepares to emerge from Chapter 11 bankruptcy in February.
The filing made with the Securities and Exchange Commission indicated the meeting with the unidentified investors was “beginning on January 27, 2021.” It’s believed the meeting with the institutional investors would lay the groundwork for the company to continue forward at the conclusion of its bankruptcy.
It did not indicate whether the meetings might go longer than a day. But the company said it had also posted an updated investor presentation to the Investor Presentations section of it’s website.
The SEC filing added that the information in the Form 8-K would not be incorporated by reference into any documented filed by Chesapeake Energy Corporation under the Securities Act of 1933.
The filing was made by James R. Webb, Executive Vice President, General Counsel and Corporate Secretary.
The investor’s section, under the heading “Chesapeake’s Path to Emergency is Clear,” showed it filed its final amended bankruptcy plan with the court on Jan. 12 of 2021. Confirmation of the plan was made Jan. 16.
The outline also showed Chesapeake expects to finalize exit financing during the week of Feb. 8, 2021 and emergency from bankruptcy the same week.