Chesapeake Energy upsizes notes that will help fund revolver paydown

By Sara Rosenberg

New York, Feb. 11 - Chesapeake Energy Corp. increased its 9½% senior notes offering to $425 million from $300 million, the proceeds of which will be used to repay outstanding revolving credit facility debt, according to a news release.

The notes were priced at 97.75 to yield 10%, resulting in net proceeds of about $409 million.

Chesapeake Energy is an Oklahoma City-based producer of natural gas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.