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Chesapeake Energy Corp (CHK)

CHK on New York Consolidated

7.23USD
2 Dec 2016
Change (% chg)

$0.18 (+2.55%)
Prev Close
$7.05
Open
$7.03
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$7.30
Day's Low
$7.00
Volume
51,162,112
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53,020,711
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$8.15
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Latest Key Developments (Source: Significant Developments)

Chesapeake Energy says closed a private placement of $1.25 bln of unsecured convertible senior notes
Wednesday, 5 Oct 2016 04:08pm EDT 

Chesapeake Energy Corp : Chesapeake energy corp says provided an update on significant improvements in its capital structure following recent transactions . As a result of exchange transactions, common shares currently outstanding are about 886 million, before giving effect to future dilution . With cash proceeds from convertible note offering, taken measures to provide excess liquidity to address remaining maturities of debt through 2018 . Company closed a private placement of $1.25 billion of unsecured convertible senior notes . Company's cash on hand as of september 30, and pro forma for convertible debt issuance, was approximately $1.0 billion .Closed privately negotiated purchase and exchange agreements under which co exchanged about 110.3 million shares of common stock.  Full Article

S&P upgrades Chesapeake Energy Corp. to 'CCC+' from 'SD'; Outlook negative; Proposed convertible notes rated
Thursday, 29 Sep 2016 01:47pm EDT 

S&P Global Ratings: S&P - Chesapeake Energy Corp. upgraded to 'CCC+' from 'SD'; Outlook negative; Proposed convertible notes rated . S&P on Chesapeake Energy - Upgrade reflects improving liquidity and our expectation that its credit measures will strengthen over the next 12-18 months . S&P on Chesapeake - Negative rating outlook reflects co's still-high debt leverage, expectation for significant negative free cash flow .S&P on Chesapeake - Negative rating outlook also reflects co's heavy, albeit much improved, debt maturity schedule through 2019.  Full Article

Chesapeake Energy says received DoJ subpoena seeking information on accounting methodology - SEC filing
Thursday, 29 Sep 2016 10:44am EDT 

Chesapeake Energy : Says received DoJ subpoena seeking information on accounting methodology for acquisition, classification of oil and gas properties and related matters- SEC filing . Also received DoJ, U.S. Postal Service and state subpoenas seeking information on royalty payment practices- SEC filing .Says engaged in discussions with DoJ, U.S. Postal Service and state agency representatives - SEC filing.  Full Article

Chesapeake energy entered privately negotiated purchase and exchange agreements
Thursday, 29 Sep 2016 09:20am EDT 

Chesapeake Energy Corp : As of Sept 29, co entered privately negotiated purchase and exchange agreements, co agreed to exchange 6.7 million shares - SEC filing .Also agreed to exchange $50.9 million of shares for 125,319 shares of 5.75%, 44,263 shares of 5.75% cumulative convertible preferred stock.  Full Article

Vincent J. Intrieri and John J. Lipinski resign from Chesapeake Energy board
Tuesday, 27 Sep 2016 07:04am EDT 

Chesapeake Energy Corp :Vincent J. Intrieri and John J. Lipinski informed co that they have resigned from board effective as of Sept 26 - SEC filing.  Full Article

Chesapeake Energy says increased tender Cap for notes maturing during & after 2019
Friday, 26 Aug 2016 07:00am EDT 

Chesapeake Energy Corp : Chesapeake energy corporation announces early results of cash tender offers for non-convertible senior notes .Says increased tender cap for notes maturing during and after 2019 from $250 million aggregate purchase price to $325 million.  Full Article

Chesapeake Energy announces increase in size of cash tender offers
Friday, 26 Aug 2016 07:00am EDT 

Chesapeake Energy Corp : Chesapeake Energy Corporation announces increase in size of cash tender offers for contingent convertible senior notes . Increased purchase price offered for notes in tender offers from up to $500 million aggregate purchase price to up to $750 million . As result of consummation of secured 5 -year term loan in principal amount of $1.5 billion, financing condition with respect to tender offers is satisfied .Established a tender cap of $600 million aggregate purchase price for 2.5% contingent convertible senior notes due 2037.  Full Article

Chesapeake- Director reports open market purchase of 350,000 shares
Tuesday, 23 Aug 2016 04:11pm EDT 

Chesapeake Energy Corp : Director, Archie Dunham reports open market purchase of 350,000 shares of co's common stock at average price of $6.07 per share on Aug 22 Source: (http://bit.ly/2bzUVxi) Further company coverage: [CHK.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

S&P places Chesapeake Energy first, second-lien debt ratings on creditwatch positive
Friday, 19 Aug 2016 02:08pm EDT 

S&P Global Ratings - : Chesapeake Energy Corp first and second-lien debt ratings placed on creditwatch positive on improved liquidity . Expect Chesapeake is in better position to address upcoming maturities, putable debt than previously expected Source: http://bit.ly/2bmPvmR Further company coverage: [CHK.N] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Fitch affirms Chesapeake Energy's IDR at 'B-'; outlook negative
Thursday, 18 Aug 2016 01:39pm EDT 

Fitch: Fitch affirms Chesapeake Energy's Idr At 'B'; outlook negative .Negative outlook continues to reflect heightened need for and execution risk related to asset sales to help bridge through cycle.  Full Article

BRIEF-Icahn dissolves shared share stake in Chesapeake Energy

* Carl Icahn dissolves shared share stake in Chesapeake Energy Corp - SEC filing