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Chesapeake Energy Corp (CHK)

CHK on New York Consolidated

5.39USD
28 Mar 2017
Change (% chg)

$0.00 (+0.00%)
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$5.39
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Volume
202
Avg. Vol
43,844,488
52-wk High
$8.20
52-wk Low
$3.53

Latest Key Developments (Source: Significant Developments)

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

Chesapeake Energy- Director reports purchase of 50,000 common shares
Thursday, 18 Aug 2016 07:56am EDT 

Chesapeake Energy Corp : Director Thomas Ryan reports open market purchase of 50,000 shares of co's common stock at average price of $5.60 per share on August 17 Source: (http://bit.ly/2b6xMiH) Further company coverage: [CHK.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Chesapeake Energy Corp announces upsize and pricing of $1.5 bln term loan facility
Wednesday, 17 Aug 2016 06:00am EDT 

Chesapeake Energy Corp : Chesapeake Energy Corporation announces upsize and pricing of $1.5 billion term loan facility . Chesapeake Energy Corp says has upsized term loan to $1.5 billion from a previously announced size of $1.0 billion . Intends to use net proceeds of loan to finance tender offers for its unsecured notes . Loan will have a five-year term and bear interest at a rate of LIBOR plus 7.50% per annum, subject to a 1.00% LIBOR floor . Loan will be made at par without original issue discount .Expects financing and tender offers to improve its financial flexibility by reducing its near-term maturing debt.  Full Article

Moody's rates new Chesapeake Energy term loan CAA1, changes outlook to positive
Monday, 15 Aug 2016 02:31pm EDT 

Moody's: Moody's rates new Chesapeake Energy term loan CAA1; outlook changed to positive .Outlook change reflects co's better than expected execution on assets sales, benefits of Barnett shale divestiture among others.  Full Article

S&P downgrades Chesapeake Energy Corp to 'CC' on two tender offerings
Monday, 15 Aug 2016 02:24pm EDT 

S&P Global Ratings: Chesapeake Energy Corp downgraded to 'CC' on two tender offerings; outlook negative; new term loan rated 'B-' .Negative outlook reflects the likelihood that we will lower the corporate credit rating to 'SD' at the close of the tender.  Full Article

Chesapeake Energy Corp announces cash tender offers for up to $500 mln
Monday, 15 Aug 2016 06:01am EDT 

Chesapeake Energy Corp : Chesapeake Energy Corporation announces cash tender offers for up to $500 million aggregate purchase price of contingent convertible senior notes . Chesapeake Energy Corp says tender offers will expire at 11:59 p.m., New York City Time, on September 12, 2016 .Chesapeake energy corporation announces cash tender offers for up to $500 million aggregate purchase price of contingent convertible senior notes.  Full Article

Chesapeake announces $1 bln term loan facility
Monday, 15 Aug 2016 06:00am EDT 

Chesapeake Energy Corp : Chesapeake Energy Corporation announces arrangement of $1.0 billion term loan facility . Amounts borrowed under new term loan facility will be unconditionally guaranteed on a joint and several basis by co's units . Intends to use net proceeds of loan to finance tender offers for certain of its unsecured notes .Loan will be from one or more commercial banks, and will be secured by same collateral securing company's revolving credit facility.  Full Article

Chesapeake provides preliminary guidance, agrees to exit Barnett shale
Wednesday, 10 Aug 2016 04:15pm EDT 

Chesapeake Energy Corporation: Chesapeake Energy Corporation agrees to exit Barnett shale, asset to be acquired and operated by first reserve, announces renegotiation of mid-contingent gas gathering agreement and provides preliminary 2017 guidance . Sees 2016 total capital expenditures $1,260 million - $1,760 million . Continent gas gathering agreement and provides preliminary 2017 guidance . Chesapeake agrees to terminate gas gathering and downstream agreements in Barnett . Says to make $400 million payment to Williams Partners . Closes on monetization of gas supply contract . Eliminates future Barnett shale midstream and downstream commitments of approximately $1.9 billion . In addition, company announced it has renegotiated its gas gathering agreement with Williams in its mid-continent operating area in exchange for a payment by company of $66 million . By exiting Barnett, expect to increase operating income for remainder of 2016 through 2019 between $200 and $300 million annually . Separately, accelerated value of gas supply contract by selling rights under long-term gas supply agreement for $146 million in cash proceeds . By exiting Barnett expect to eliminate approximately $1.9 billion of total future midstream and downstream commitments . Chesapeake's mid-continent gas gathering costs are expected to be reduced by 36%, effective July 1, 2016.  Full Article

More From Around the Web

Chesapeake Energy posts smaller quarterly loss

Shares in U.S. natural gas producer Chesapeake Energy Corp fell on Thursday after posting a smaller fourth-quarter loss than a year earlier, when it took huge charges to write down the value of some oil and gas assets.