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