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.
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