On Wednesday, Chesapeake Energy Corporation (NYSE:CHK)’s shares inclined 3.99% to $3.91.
Chesapeake Energy Corporation (CHK) declared the preliminary results of its private offers to exchange (the “Exchange Offers”) new 8.00% Senior Secured Second Lien Notes due 2022 (the “Second Lien Notes”) for certain outstanding senior unsecured notes listed in the table below (the “Existing Notes”). As of 5:00 p.m., New York City time, on December 15, 2015 (the “Original Early Tender Date”), about $2.8 billion aggregate principal amount of Existing Notes were tendered and not validly withdrawn. The following table sets forth the approximate aggregate principal amounts of each series of Existing Notes that were validly tendered and not validly withdrawn on or proceeding to the Original Early Tender Date.
The Company also declared that it has raised the maximum aggregate principal amount of the Second Lien Notes issuable in the Exchange Offers from $1.5 billion to $3.0 billion (the “New Maximum Exchange Amount”). As a result of this enhance, the Company has extended the early tender deadline with respect to the Exchange Offers to 5:00 p.m., New York City time, on December 18, 2015 (the “New Early Tender Date”). All withdrawal rights with respect to the Exchange Offers have expired. Other than the New Maximum Exchange Amount and the New Early Tender Date, the terms of Exchange Offers remain unchanged.
The Exchange Offers will expire at 11:59 p.m., New York City time, on December 30, 2015 (the “Expiration Date”). The settlement date will occur promptly after the Expiration Date, subject to all conditions to the Exchange Offers having been satisfied or waived by the Company. The Company may elect, in its sole discretion, to settle the Exchange Offers for any or all Existing Notes validly tendered preceding to the New Early Tender Date (and not validly withdrawn before the Original Early Tender Date) at any time after the New Early Tender Date and preceding to the Expiration Date, subject to all conditions to the Exchange Offers having been satisfied or waived by the Company.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States. It holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin of West Virginia and Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas.
Nokia Corporation (ADR) (NYSE:NOK)’s shares gained 2.30% to $7.12.
In November 2013, Nokia declared the extension of the patent license agreement between Nokia and Samsung for five years from January 1, 2014, with the parties entering into binding arbitration to settle the amount of additional compensation payable to Nokia.
The Secretariat of the International Court of Arbitration of the International Chamber of Commerce has advised that the Final Award is predictable to be offered to the parties by the end of January 2016.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
At the end of Wednesday’s trade, Biogen Inc (NASDAQ:BIIB)‘s shares surged 3.52% to $299.29. BIIB has beta value stands at 0.88 times and earnings per share were $15.31. The company has total of 222.90 million outstanding shares and its total market capitalization is $64.44 billion. 52-week price range of the stock remained $254.00 - $480.18.
Biogen Inc. discovers, develops, manufactures, and markets therapies for the treatment of neurological, autoimmune, and hematologic disorders in the United States and internationally.
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