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Chesapeake Energy Corporation
Chesapeake Energy Corporation Announces Cash Tender Offers for up to $550,000,000 Aggregate Purchase Price of Senior Notes and Senior Secured Second Lien Notes



September 29, 2017

Chesapeake Energy Corporation (NYSE: CHK) announced today (9/27) that it has commenced cash tender offers (collectively, the "Tender Offers," and each offer to purchase a series of notes individually, a "Tender Offer") to purchase up to $550,000,000 aggregate purchase price, exclusive of accrued interest (the "Aggregate Maximum Purchase Amount"), of the outstanding notes of Chesapeake set forth in the table below (collectively, the "Notes").

No more than $350,000,000 aggregate purchase price, exclusive of accrued interest (the "Priority 1 Tender Cap"), of 8.00% Senior Secured Second Lien Notes due 2022 (the "Priority 1 Notes"), no more than $200,000,000 aggregate purchase price, exclusive of accrued interest (the "Priority 2 Tender Cap"), of 6.625% Senior Notes due 2020 and 6.875% Senior Notes due 2020 (the "Priority 2 Notes"), and no more than $200,000,000 less the aggregate purchase price, exclusive of accrued interest, of the Priority 2 Notes validly tendered and accepted for purchase (the "Priority 3 Tender Cap" and, together with the Priority 1 Tender Cap and Priority 2 Tender Cap, the "Tender Caps" and each individually, a "Tender Cap"), of 6.125% Senior Notes due 2021 and 5.375% Senior Notes due 2021 (the "Priority 3 Notes"), will be purchased in the Tender Offers. The terms and conditions of the Tender Offers are described in an Offer to Purchase dated September 27, 2017 (the "Offer to Purchase") and the related Letter of Transmittal.

Click here to read the full press release.

INVESTOR CONTACT:
Brad Sylvester, CFA
(405) 935-8870
ir@chk.com

MEDIA CONTACT:
Gordon Pennoyer
(405) 935-8878
media@chk.com

For more information:

Organization:
Chesapeake Energy Corporation

Address:
P.O. Box 18496
Oklahoma City, Oklahoma
United States, 73154-0496
www.chk.com


Link http://electricenergyonline.com/detail_news.php?ID=658221
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