oil & gas assets
You have accessed this news story:

CM - Chesapeake swaps $588MM in notes & preferred for common - September 2019



Feed Icon
Chesapeake Energy entered a securities exchange agreement with a large investor to retire $547.8 million aggregate principal amount of senior notes and $40 million principal amount of its 5.75% convertible preferred shares. In exchange, Chesapeake will issue 250,721,544 common shares, representing roughly 15% of the company’s current outstanding shares. Based on the prior-day closing stock price of $1.89/share, the securities swap represents a 19% discount to the aggregate par value of the notes and......
 
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed







Sign up for PLS Reports
& Web Access!


Already subscribed to Reports?
Sign up for Web Access!
Search For More News