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Chesapeake Sells $1B Notes
Chesapeake Energy has raised $1 billion in a sale of senior notes.
Chesapeake Energyhas raised $1 billion in a sale of senior notes, The Wall Street Journalreports. The U.S. natural gas producer appointedMorgan StanleyandWells Fargo Securitiesas joint bookrunners for the deal.
The company intends to use the proceeds to pay back remaining borrowings under its revolving bank credit facility and for general corporate purposes. The notes carry a yield of 6.125% and are due to mature in 2021.
Click here for the story fromThe Wall Street Journal.