CHESAPEAKE ENERGY CORPORATION (NYSE:CHK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
entered into a fourth amendment (the Amendment) to its senior
revolving credit agreement, dated December 15, 2014 (as amended,
the Credit Agreement) by and among: (i) the Company, as borrower;
(ii) MUFG Union Bank N.A., as the administrative agent, a
swingline lender and a letter of credit issuer; and (iii) certain
other lenders named therein. Among other things, the Amendment
removes the requirement that the Company must concurrently
prepay, repurchase or redeem or otherwise defease at least an
equal amount of other borrowed money indebtedness with a stated
maturity prior to December 15, 2019 if it optionally prepays,
repurchases or redeems or otherwise defeases other borrowed money
indebtedness with a stated maturity after December 15, 2019.
joint lead arrangers and joint bookrunners for the Credit
Agreement. The lead arrangers and certain of the lenders party to
the Credit Agreement, and their respective affiliates, have
performed, and may in the future perform, various commercial
banking, investment banking and other financial advisory services
for the Company and its subsidiaries for which they have
received, and will receive, customary fees and expenses.
Amendment is a summary only, does not purport to be complete, and
is qualified by reference to the full text of the Amendment
attached to this Current Report as Exhibit 10.1.
Obligation under an Off-Balance Sheet Arrangement of the
Registrant.
reference to this Item 2.03.
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10.1
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Fourth Amendment to Credit Agreement dated May 19, 2017
among Chesapeake Energy Corporation, as borrower; MUFG Union Bank N.A., as administrative agent, a swingline lender and a letter of credit issuer; and certain other lenders named therein. |
About CHESAPEAKE ENERGY CORPORATION (NYSE:CHK)
Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. It has positions in resource plays of the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle, and the Niobrara Shale in the Powder River Basin in Wyoming. Its natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania, and the Barnett Shale in the Fort Worth Basin of north-central Texas. CHESAPEAKE ENERGY CORPORATION (NYSE:CHK) Recent Trading Information
CHESAPEAKE ENERGY CORPORATION (NYSE:CHK) closed its last trading session 00.00 at 5.78 with 34,930,272 shares trading hands.
