Chesapeake Energy Corporation Announces $1.0 Billion Offering of Senior Notes Due 2019

Chesapeake Energy Corporation (NYSE: CHK) today announced that it is commencing a public offering of $1.0 billion of Senior Notes due 2019. Chesapeake intends to use the net proceeds from the offering for general corporate purposes. Pending such use, Chesapeake plans to use the net proceeds from the offering to repay amounts outstanding under its revolving bank credit facility, which it anticipates reborrowing from time to time to meet capital expenditure initiatives.