ADVFN - Advanced Financial Network.
HOME» NYSE » C » CHK Stock Price » CHK Stock News

Chesapeake Share News

 Chesapeake Energy Corp. Stock Price
CHK Stock Price
 Chesapeake Energy Corp. Stock Chart
CHK Stock Chart
 Chesapeake Energy Corp. Stock News
CHK Stock News
 Chesapeake Energy Corp. Company Information
CHK Company Information
 Chesapeake Energy Corp. Stock Trades
CHK Stock Trades

Chesapeake Confirms Upsized Debt Offering Of $4 Billion

DOW JONES NEWSWIRES Chesapeake Energy Corp. (CHK) confirmed it will boost the size of a short-term loan offering to $4 billion, citing strong demand from institutional investors. The loan, which priced at 97 cents on the dollar, carries an initial coupon of 8.5% through the end of this year, based on the current London interbank offered rate. The oil-and-gas producer said it will use about $3.8 billion of proceeds from the debt offering to repay the balance on its credit line. The new loan was syndicated by affiliates of Goldman Sachs Group Inc. (GS) and Jefferies Group Inc. (JEF). The upsized offering comes after Chesapeake rattled bond investors on Friday by detailing relatively harsh terms for the short-term loan, which the company is using to help fund its capital expenditure needs. "We appreciate this strong vote of confidence from investors," said Chairman and Chief Executive Aubrey K. McClendon, who plans to relinquish his chairman role to a yet-unnamed non-executive director after his personal financial dealings attracted new scrutiny. Chesapeake faces a significant funding gap to its effort to boost oil and natural-gas liquids production. Low natural gas prices have punished the company's operating results as a two-year glut knocks North America's supply of the fuel out of whack with demand. Chesapeake said it now has more than $4.7 billion of liquidity, including unrestricted cash on hand and available borrowing capacity under its revolving credit lines. Shares were recently up 5 cents, at $14.70 after hours. The stock was off 51% over the past year through Tuesday's close. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
10/31/201415:45:27Southwestern Energy Shares Have 57% Upside -- Barron's
10/16/201409:44:37U.S. Hot Stocks: Hot Stocks to Watch
09/18/201408:20:35Magnolia Shares Fall After Unveiling Cummings 2nd Half Well Output...
06/12/201416:43:41MARKET SNAPSHOT: U.S. Stocks Fall; S&P 500 Down For Third Day
06/12/201414:52:18MARKET SNAPSHOT: U.S. Stocks Fall; Dow In Triple-digit Decline
06/12/201410:29:47MARKET SNAPSHOT: U.S. Stocks Edge Lower; Energy Sector Rallies
06/11/201419:14:44Aubrey McClendon Launches His Post-Chesapeake Comeback
05/28/201420:22:36Oklahoma Governor Signs Bill Raising Energy-Output Tax
05/20/201422:02:19Companies Bet Exposing Hacks Will Help
05/12/201417:58:12Oil Man George Kaiser Proposes Increase in Oklahoma Oil-and-Gas...
05/07/201420:12:46SEC Ends Investigation of Chesapeake Energy Ex-CEO Aubrey McClendon...
05/07/201408:30:12Chesapeake Energy Profit Soars
05/07/201408:04:10Chesapeake Energy Profit Soars, Revenue Jumps 47%
03/05/201421:19:31Chesapeake, Encana Charged With Antitrust Violations -- Update
03/05/201419:10:11Chesapeake, Encana Charged With Antitrust Violations
02/28/201410:01:30Chesapeake Energy to Sell $520 Million in Assets to Exterran...
02/26/201415:57:27Chesapeake Energy Swings to Loss -- Update
02/24/201405:47:09MARKET SNAPSHOT: U.S. Stock Market Is Starting To Ride A Tech...
02/24/201401:57:46Chesapeake Energy Seeks to Spin Off or Sell Oilfield Services...
02/07/201403:07:56Magnolia Petroleum gets Increased Density, Infill Drilling Proposals

Chesapeake Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad