Chesapeake Energy Corp. today announced that it has set an expected effective date for the Company's reverse stock split, subject to shareholder approval of the reverse stock split at a special meeting of shareholders to be held on April 13, 2020. The reverse stock split proposal includes a proposed reverse stock split ratio within a range between and including one-for-fifty and one-for-two-hundred . If shareholder [...]
Chesapeake Energy Corp. today reported financial and operational results for the 2019 full year and fourth quarter and released its annual guidance. Highlights from Chesapeake's projected 2020 program include: Targeting Free Cash Flow Reducing Capital Expenditure Budget by Approximately 30%, Maintaining Relatively Flat Oil Production and Decreasing Gas Production Year Over Year Lowering Projected Production and General [...]
Chesapeake Energy Corp. today released preliminary 2019 fourth quarter production results and operational achievements. Highlights include: Delivered Expected 2019 Production within Capital Expenditure Guidance: Average estimated 2019 fourth quarter oil production range of 125,000 to 126,000 barrels of oil per day Average estimated 2019 fourth quarter equivalent production range of 476,000 to 478,000 barrels of oil [...]
Chesapeake Energy Corp. today announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below. 4.50% 5% 5.75% 5.75% NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May 17, 2010 Registered CUSIP 165167842 165167826 165167768 165167750 144A CUSIP N/A 165167834 165167776 165167784 RegS CUSIP N/A N/A [...]
Chesapeake Energy Corp. today announced the expiration and final results of its tender offer, on behalf of Brazos Valley Longhorn, L.L.C. and Brazos Valley Longhorn Finance Corp. , each wholly owned subsidiaries of Chesapeake , to purchase for cash any and all of the outstanding 6.875% Senior Notes due 2025 issued by the Issuers and its simultaneous solicitation of consents with respect to certain proposed amendments to [...]
Chesapeake Energy Corp. today announced the preliminary results to date of its pending tender offer, on behalf of Brazos Valley Longhorn, L.L.C. and Brazos Valley Longhorn Finance Corp. , each wholly owned subsidiaries of Chesapeake , to purchase for cash any and all of the outstanding 6.875% Senior Notes due 2025 issued by the Issuers and its simultaneous solicitation of consents with respect to certain proposed [...]
Chesapeake Energy Corp. today announced the preliminary results of its previously announced private offers to exchange its new 11.5% Senior Secured Second Lien Notes due 2025 for certain outstanding senior unsecured notes listed in the table below upon the terms and subject to the conditions set forth in the Company's confidential offering memorandum, dated December 4, 2019. As of 5:00 p.m., New York City time, on [...]
Chesapeake Energy Corp. announced that on December 10, 2019 it received written notice from the New York Stock Exchange of its noncompliance with the standard set forth in Rule 802.01C of the NYSE Listed Company Manual that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The Company intends to regain compliance with the NYSE listing [...]
Chesapeake Energy Corp. announced today an amendment to its previously announced cash tender offer and consent solicitation , on behalf of its wholly owned subsidiaries Brazos Valley Longhorn, L.L.C. and Brazos Valley Longhorn Finance Corp. , for the 6.875% Senior Notes due 2025 issued by the Issuers. The Tender Offer, which is subject to certain terms and conditions set forth in the Offer to Purchase and Consent [...]
Chesapeake Energy Corp. announced today that it has successfully priced its proposed term loan. The term loan is being arranged by JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., BofA Securities, Inc. and MUFG Union Bank, N.A. Chesapeake intends to use the net proceeds of the term loan, in part, to finance a previously announced tender offer and consent solicitation for unsecured notes issued by Brazos [...]
Chesapeake Energy Corp. announced today that it has engaged JPMorgan Chase Bank, N.A., Morgan Stanley Bank, N.A., Bank of America, N.A. and MUFG Bank, N.A. to assist with the arrangement of a secured first lien last out 4.5-year term loan facility in the aggregate principal amount of up to $1.5 billion. Chesapeake intends to use the net proceeds of the loan to finance a tender offer and consent solicitation announced [...]
Chesapeake Energy Corp. announced today that it has commenced a tender offer, on behalf of Brazos Valley Longhorn, L.L.C. and Brazos Valley Longhorn Finance Corp. , each wholly owned subsidiaries of Chesapeake , to purchase for cash any and all of the outstanding 6.875% Senior Notes due 2025 issued by the Issuers. Prior to February 1, 2019, BVL was known as WildHorse Resource Development Corporation. Concurrently with [...]