Chesapeake to increase amount of note exchange


(PRNewsfoto/Chesapeake Energy Corporation)

Chesapeake Energy Corporation announced its note exchange offer resulted in $3.22 billion dollars in notes validly tendered. It amounted to 71.4% of the existing notes as of 5 p.m. New York City time on Dec. 17, 2019.

The company offered its new 11.5% Senior Secured Second Lien Notes due 2025 for certain outstanding senior unsecured notes under a Dec. 4 announcement. Chesapeake Energy also has increased the maximum exchange amount from $1.5 billion to $2,210,156,000.


Click here to read entire announcement by Chesapeake Energy