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Chesapeake Boosts Bridge Loan To $4 Billion From $3 Billion -Reuters

DOW JONES NEWSWIRES Chesapeake Energy Corp. (CHK) upsized its bridge loan to $4 billion from $3 billion, Reuters reported Tuesday. Sources said the loan is set to mature in 2017 and is expected to price at 97 cents on the dollar, compared with initial guidance of 96 cents, Reuters reported. The report said the loan is "talked at" a rate of 700 basis points over Libor with a 1.5% Libor floor. Reuters said the loan has received strong interest from investors including hedge funds. Full story at http://www.reuters.com/article/2012/05/15/idUSL1E8GF3TN20120515 -Dow Jones Newswires; 212-416-2900

Stock News for Chesapeake (CHK)
DateTimeHeadline
02/27/201509:23:51Icahn Investments Hit by Energy, Posts First Annual Loss Since...
02/27/201508:57:20Icahn's Investments Again Hit by Energy Prices
02/26/201510:44:02MARKET SNAPSHOT: S&P End Little Changed; Dow Ekes Out Record...
02/25/201517:06:21Dow Inches Up to a New Record
02/25/201515:35:14MARKET SNAPSHOT: U.S. Stocks Turn Lower In Late Trading
02/25/201514:04:14Chesapeake Energy Cuts Rig Operations -- Update
02/25/201513:56:22MARKET SNAPSHOT: U.S. Stocks Edge Higher To Record Levels
02/25/201511:36:03MARKET SNAPSHOT: U.S. Stocks Retreat From Records As Investors...
02/25/201511:35:13MARKET SNAPSHOT: U.S. Stocks Retreat From Records Ahead Of Yellen...
02/25/201509:15:11MARKET SNAPSHOT: U.S. Stocks: Wall Street Awaits More Action...
02/25/201508:08:00Chesapeake Energy Cuts Rig Operations After Disappointing Earnings
02/25/201507:54:16MARKET SNAPSHOT: U.S. Stocks: Wall Street Set To Take A Breather...
02/17/201512:20:48Chesapeake Energy Accuses Ousted Founder Of Taking Sensitive...

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