•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Chesapeake updates on final results of cash tender offer

    Chesapeake Energy Corp.

    Chesapeake Energy Corp. (NYSE:CHK) has announced the expiration and final results of its previously announced cash tender offer for any and all of its 9.50% senior notes due 2015. The tender offer expired at 11:59 p.m., New York City time, on May 7. The full terms and conditions of the tender offer are set forth in the offer to purchase and the related letter of transmittal, each dated April 10.

    As previously announced, on April 24, Chesapeake purchased $945,908,000 principal amount of its outstanding notes validly tendered and not validly withdrawn as of 5 p.m., New York City time, on April 23 (the early tender date). Chesapeake has received and accepted for purchase an additional $658,000 principal amount of its outstanding notes validly tendered subsequent to the early tender date and prior to the expiration date.

    Holders of notes that were validly tendered and accepted for purchase after the early tender date but before the expiration date received in cash, for each $1,000 in principal amount of notes tendered, the purchase price set forth in the offer to purchase, which does not include the early tender premium, plus accrued and unpaid interest on the notes from the last interest payment date to, but not including, the settlement date. The final settlement of the tender offer occurred today.

    Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. served as the dealer managers for the tender offer. D.F. King & Co. Inc. served as the tender agent and information agent for the tender offer.

     

    Related Articles

    Dejour secures $1.5 million for Woodrush development

    08/12/2014 Dejour Energy Inc. has entered into subscription agreements for an equity financing that will result in gross proceeds of US$1.5 million with three institutional investors to support the company’s ...

    Lending in a boom market

    08/11/2014

    Energy executives brim with optimism in CIT/Forbes survey

    ENERGY PLAYERS

    08/11/2014

    INDUSTRY BRIEFS

    08/11/2014

    More Oil & Gas Financial Articles

    Dejour secures $1.5 million for Woodrush development

    Tue, Aug 12, 2014

    Dejour Energy Inc. has entered into subscription agreements for an equity financing that will result in gross proceeds of US$1.5 million with three institutional investors to support the company’s third-quarter 2014 Woodrush development plan.

    Lending in a boom market

    Mon, Aug 11, 2014

    Energy executives brim with optimism in CIT/Forbes survey

    ENERGY PLAYERS

    Mon, Aug 11, 2014

    INDUSTRY BRIEFS

    Mon, Aug 11, 2014

    Software Technology Briefs

    Mon, Aug 11, 2014

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ