CHESAPEAKE ENERGY CORPORATION (NYSE:CHK) Files An 8-K Other Events
Item 8.01 Other Events.

On August 23, 2016, Chesapeake Energy Corporation (the “Company”) entered into (i)a term loan agreement (the “Term Loan Agreement”) with Deutsche Bank Trust Company Americas, as the term agent (the “Term Agent”), and the several lenders from time to time parties thereto and (ii)a supplement to the Term Loan Agreement (the “Class A Term Loan Supplement,” and loans made to the Term Loan Agreement, “Class A Term Loans”) with the Term Agent and the lenders party thereto. The Company borrowed $1.5 billion aggregate principal amount of Class A Term Loans to the Term Loan Agreement. Please refer to the current report on Form 8-K filed with the Securities and Exchange Commission on August 24, 2016 for additional information regarding the Term Loan Agreement and the Class A Term Loan Supplement. In connection with the completion of the Company’s underwritten senior notes offering on September 27, 2018, the Company used the net proceeds of that offering together with borrowings under the Company’s revolving credit facility and cash on hand to terminate the Class A Term Loan Supplement and pay its obligations thereunder (including prepayment premium) in full, in the amount of $1.285 billion, inclusive of a $52 million call premium.

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.