A Securities and Exchange Commission filing shows Oklahoma City’s Chesapeake Energy has paid off a more than $1 billion loan it had received two years ago from Deutsche Bank Trust Company Americas.
The filing referred to the Aug. 23, 2016 loan from the bank which totaled $1.5 billion. However, Chesapeake used money from the Sept. 17, 2018 completion of its underwritten senior notes offering to pay off the loan.
“The company used the net proceeds of that offering together with borrowings under the Company’s revolving credit facility and cash on hand to terminate the Class A Term Loan Supplement and pay its obligations in full in the amount of $1.285 billion,” stated the filing.
(Click here to see the filing)
Chesapeake also had two more filings with the SEC. Each was a statement of changes in beneficial ownership of securities..