$145 million privately negotiate stock deal revealed by Chesapeake Energy

Oklahoma City-based Chesapeake Energy Corporation revealed this week it entered into a total of $145 million  in privately-negotiated securities exchange agreements.

In a Form 8-K filed with the U.S. Securities and Exchange Commission, the company said the agreements were executed between Sept. 13 through Sept. 18, 2019.

The agreements showed the company issued or agreed to issue 68,599,009 shares of the company’s common stock valued at $0.01 per share. The stock was exchanged for $55 million of its 8.00% Senior Notes due 2025, $30 million of its 5.50% Senior Notes due 2026 and nearly $60 million in 8.00% Senior Notes due 2027.

The SEC filing indicated Chesapeake might enter into similar transactions in the future.


The Company may engage in similar transactions in the future but is under no obligation to do so. The common stock was issued to “existing security holders of the Company.”