Chesapeake Energy Corporation announces pricing of $3.0 billion senior notes offering


Thursday, 10 Apr 2014 07:38pm EDT 

Chesapeake Energy Corporation:Announces pricing of previously announced public offering of $3.0 billion in aggregate principal amount of its senior notes at par.The notes will be issued in two separate series of notes $1,500,000,000 in Floating Rate Senior Notes due 2019 that will bear interest at LIBOR plus 3.25 pct, reset quarterly, and $1,500,000,000 in 4.875 pct Senior Notes due 2022.Chesapeake expects the issuance and delivery of the two series of senior notes to occur on April 24, 2014.Intends to use the net proceeds to repay its existing unsecured term loan and for general corporate purposes.