Chesapeake Energy to redeem 7¾% notes with new deal proceeds

New York, May 19 - Chesapeake Energy Corp. said it will redeem its 7¾% senior notes due 2015 with proceeds from offerings of $500 million of contingent convertible senior notes due 2038 and $800 million senior notes due 2018.

Proceeds will also be used to repay revolving credit facility debt and for general corporate purposes.

Chesapeake 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.