Chesapeake Energy Corp. ( CHK ) shares dipped lower in late trade after the company priced its previously announced public offering of $2.3 billion in aggregate principal amount of its senior notes at par. The offering will include three series of notes: $500 million in 3.25% Senior Notes due 2016; $700 million in 5.375% Senior Notes due 2021; and $1.1 billion in 5.75% Senior Notes due 2023. CHK expects the issuance and delivery of all three series of senior notes to occur April 1, 2013, subject to customary closing conditions.
CHK is down 0.1% at $22.16 after-hours, trading in a 52-week range of $13.32 - $26.09.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
