Chesapeake Energy Corporation Announces Its Wholly Owned Subsidiary, Chesapeake Oilfield Operating, L.L.C., Has Priced a Private Placement of $650 Million of Senior Notes Due 2019

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (NYSE:CHK) today announced its wholly owned subsidiary, Chesapeake Oilfield Operating, L.L.C. (the Company), priced a $650 million private placement of senior notes due 2019 (the Notes). The Notes will bear interest at a rate of 6.625% per annum. The closing of the placement is expected to occur on October 28, 2011 and is subject to customary closing conditions.