Chesapeake Energy Corporation Announces Offering Of Senior Notes
Proceeds Will be Used to Partially Fund Emergence From Chapter 11
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OKLAHOMA CITY, Feb. 2, 2021 /PRNewswire/ Chesapeake Energy Corporation ( Chesapeake ) today announced that, subject to market conditions, Chesapeake s wholly-owned indirect subsidiary, Chesapeake Escrow Issuer LLC (the Issuer ), intends to offer $500 million aggregate principal amount of senior notes due 2026 (the 2026 Notes ) and $500 million aggregate principal amount of senior notes due 2029 (the 2029 Notes, and collectively with the 2026 Notes, the Notes ) pursuant to exemptions from registration under the Securities Act of 1933, as amended (the Securities Act ). The offering of the Notes is part of a series of exit financing transactions being undertaken in connection with a restructuring of Chesapeake and certain of its subsidiaries (collectively, the Debtors ), to be effected thro
99 Cents Only Stores LLC (the
Company ) today announced that 99 Escrow Issuer, Inc. (the
Escrow Issuer ) intends to offer, subject to market conditions and other considerations, $325 million in aggregate principal amount of senior secured notes due 2025 (the
Notes ) to qualified institutional buyers (as defined in Rule 144A under the Securities Act of 1933, as amended (the
Securities Act )) in a private transaction (the
Notes Offering ) in reliance upon the exemption from the registration requirements of the Securities Act and certain non-U.S. persons outside the United States in accordance with Rule 902 under the Securities Act. The Escrow Issuer was formed solely for the purpose of issuing the Notes and, following the escrow release, will be merged with and into the Company and the Company will assume the obligations of the Escrow Issuer under the Notes and the related indenture. On and after the escrow release, the Notes will be guaranteed on a senior secured