OKLAHOMA CITY, Dec. 22, 2016 /PRNewswire/ -- Chesapeake Energy
Corporation (NYSE:CHK) (the "Company") today announced that the
Company is calling for redemption in full on January 21, 2017 (the "Redemption Date") all of
its outstanding 6.5% Senior Notes due 2017 (the "Notes"). The
redemption price for the Notes is equal to the sum of the
outstanding principal amount thereof and the make-whole amount, as
calculated in accordance with the indenture governing the Notes,
plus accrued and unpaid interest thereon to the Redemption Date.
The redemption price for each $1,000
principal amount of Notes is $1,056.88, including accrued and unpaid
interest.
On the Redemption Date, the redemption price will become due and
payable upon each of the Notes then outstanding and, unless the
Company defaults in the payment of the redemption price or accrued
interest, interest thereon will cease to accrue on and after the
Redemption Date and the only remaining right of the holders is to
receive payment of the redemption price upon surrender of the
Notes. Payment of the redemption price and surrender of the Notes
redeemed will be made through the facilities of the Depository
Trust Company.
This press release does not constitute an offer to purchase or
redeem, or a solicitation of an offer to sell, the Notes.
Headquartered in Oklahoma
City, Chesapeake Energy Corporation's (NYSE: CHK) operations
are focused on discovering and developing its large and
geographically diverse resource base of unconventional oil and
natural gas assets onshore in the United States. The company
also owns oil and natural gas marketing and natural gas gathering
and compression businesses.
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INVESTOR
CONTACT:
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MEDIA
CONTACT:
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CHESAPEAKE ENERGY
CORPORATION
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Brad Sylvester,
CFA
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Gordon
Pennoyer
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6100 North Western
Avenue
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(405)
935-8870
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(405)
935-8878
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P.O. Box
18496
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ir@chk.com
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media@chk.com
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Oklahoma City, OK
73154
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SOURCE Chesapeake Energy Corporation