Chesapeake Considers Possible Sale of Billions in Senior Notes

Chesapeake Energy in Oklahoma City has filed forms with the SEC indicating the possible sale of several billion dollars in Senior Notes.

In the filing made this week with the Securities and Exchange Commission, the energy company indicated the information in the prospectus was not complete and could be changed.

Chesapeake also noted that it might not proceed with the sale of the securities until the registration statement on file with the SEC is effective.

The potential sale involves $1,300,000,000 of 8% Senior Notes Due 2025 and $1,300,000,000 of senior notes due 2027.

In making the filing, Chesapeake revealed its total consolidated indebtedness as of Dec. 31, 2017 was $9.981 billion.  More than $6.5 billion was “unsecured indebtedness and $3.430 billion was “secured indebtedness.”