Chesapeake Energy Corporation Announces Pricing of Offering Of $1.3 Billion of Senior Notes Due 2019

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (NYSE:CHK) today announced that it has priced its previously announced public offering of $1.3 billion principal amount of Senior Notes due 2019, which will carry an interest rate of 6.775% per annum. The senior notes were priced at 98.75% of par to yield 7%. The offering was increased from a previously announced offering size of $1.0 billion, resulting in net proceeds to Chesapeake of $1.26 billion after deducting underwriting discounts and commissions. Chesapeake expects the issuance and delivery of the senior notes to occur on February 16, 2012, subject to customary closing conditions.