Chesapeake Energy Corporation Announces Pricing of Initial Public Offering by Chesapeake Granite Wash Trust

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (“Chesapeake”) (NYSE:CHK) today announced that Chesapeake Granite Wash Trust (the “Trust”) has priced an initial public offering of 20,000,000 common units at a price of $19.00 per common unit. The units sold represent an approximate 43% beneficial interest in the Trust. The Trust has also granted the underwriters the option to purchase up to an additional 3,000,000 common units.