CHESAPEAKE ENERGY CORPORATION (NYSE:CHK) Files An 8-K Regulation FD Disclosure

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CHESAPEAKE ENERGY CORPORATION (NYSE:CHK) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.

The management of Chesapeake Energy Corporation (the “Company”) will present at the Goldman Sachs Second Annual Leveraged Finance Conference on Tuesday, June 20, 2017 and the Tudor Pickering Holt & Co. 13th>Annual Energy Conference on Wednesday, June 21, 2017. A slide presentation of materials to be presented at the conference will be accessible via the Investor Presentations section of the Company’s website: http://www.chk.com/investors/presentations.
The information in this Form 8-K is being furnished, not filed, to Item 7.01. Accordingly, the information will not be incorporated by reference into any document filed by the Company under the Securities Act of 1933, as amended, except as set forth by specific reference in such filing.
Item 8.01. Other Events.
Borrowing Base Redetermination
On June 15, 2017, the administrative agent under the Company’s senior revolving credit agreement, dated December 15, 2014, 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, as amended, notified the Company that the scheduled borrowing base redetermination review has been completed, and the required lenders have reaffirmed the $3.8 billion borrowing base thereunder, effective as of June 15, 2017.
Tender Offers
The Company’s previously announced tender offers to purchase certain series of its senior notes expired on June 19, 2017. The Company accepted for purchase approximately $681.8 million aggregate principal amount of 8.00% Senior Secured Second Lien Notes due 2022 for aggregate cash consideration (excluding accrued interest) of approximately $750 million.

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.

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