Summary
Chesapeake Energy Corporation (EXE) filed an 8-K on August 14, 2007, to disclose details regarding a public offering of $500 million in 2.500% Contingent Convertible Senior Notes due 2037. The offering was made pursuant to an effective registration statement and announced via press releases on August 8, 2007, with pricing also confirmed on the same day. The company entered into an Underwriting Agreement with Deutsche Bank Securities Inc. for this offering. This filing serves to provide investors with transparency on a significant debt issuance. The notes are supported by the company and certain guarantor subsidiaries, with The Bank of New York Trust Company, N.A. acting as the trustee. The structure of these notes, including their contingent convertible nature and maturity date, is detailed in the associated Indenture and its supplements, which are incorporated by reference.
Key Highlights
- 1Chesapeake Energy Corporation announced a $500 million offering of 2.500% Contingent Convertible Senior Notes due 2037.
- 2The offering was priced on August 8, 2007, and announced via press releases.
- 3Deutsche Bank Securities Inc. is the underwriter for this offering.
- 4The notes are guaranteed by certain subsidiaries of Chesapeake Energy.
- 5The issuance is governed by an Indenture dated May 15, 2007, as supplemented.
- 6The offering was made under a registration statement filed with the SEC.
- 7Legal opinions and consents from counsel are included as exhibits.