Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Altona Energy plc > News item |
Chesapeake Energy repays $1.5 billion term loan with note proceeds
New York, Oct. 3 – Chesapeake Energy Corp. repaid and terminated its $1.5 billion class A term loan using proceeds from an offering of new senior notes and borrowings on its revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.
The company had originally entered into the term loan on Aug. 23, 2016 via Deutsche Bank Trust Co. Americas as term agent.
In total, Chesapeake Energy paid $1,285,000,000 to terminate the term loan, including a $52 million call premium.
The company priced a $1.25 billion offering of senior notes in two tranches on Sept 25 and settled the sale on Sept. 27.
Chesapeake Energy is an Oklahoma City-based oil and gas company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.