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Chesapeake Energy Corporation Successfully Emerges From Financial Restructuring
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OKLAHOMA CITY, Feb. 9, 2021 /PRNewswire/  Chesapeake Energy Corporation (NASDAQ: CHK) announced today that it has successfully concluded its restructuring process and emerged from Chapter 11, satisfying all conditions precedent under its Plan of Reorganization (the Plan ). Highlights of the reorganized Chesapeake include:
Anticipated cumulative free cash flow of more than $2 billion over the next five years, providing stability and optionality to return cash to shareholders
Targeting long-term net debt to EBITDAX ratio of less than 1.0 times
Issued $1 billion senior unsecured notes at a weighted average coupon of less than 5.7% ....

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