On Monday, Chesapeake Energy Corporation (NYSE:CHK)’s shares inclined 0.87% to $4.07.
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”). From the launch of the Exchange Offers on December 2, 2015 through 5:00 p.m., New York City time, on December 18, 2015 (the “Early Tender Date”), about $3.8 billion aggregate principal amount, or about 41%, of Existing Notes were validly tendered and not validly withdrawn.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the approximate aggregate principal amounts of each series of Existing Notes that were validly tendered and not validly withdrawn on or preceding to the Early Tender Date.
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the Exchange Offers for any or all Existing Notes validly tendered preceding to the Early Tender Date, and not validly withdrawn before 5:00 p.m., New York City time, on December 15, 2015 (the “Withdrawal Expiration Date”), at any time after the Early Tender Date and preceding to the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. The Company anticipates to settle the Exchange Offers for all accepted Existing Notes validly tendered preceding to the Early Tender Date and not validly withdrawn before the Withdrawal Expiration Date and issue about $2.35 billion aggregate principal amount of Second Lien Notes on or about December 23, 2015.
Eligible Holders of Existing Notes accepted for exchange in the Exchange Offers will also receive a cash payment equal to the accrued and unpaid interest on such Existing Notes from the applicable latest interest payment date to, but not counting, the applicable settlement date. Interest on the Second Lien Notes will accrue from the date of first issuance of Second Lien Notes.
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.
Alcatel Lucent SA (ADR) (NYSE:ALU)’s shares gained 3.49% to $3.86. The last trading range of Alcatel Lucent SA (ADR) (NYSE:ALU) ranges between $3.84 and $3.89. The EPS of the company stands at $-0.05. The 52-week range shows that the stock reached higher at $4.96 while its lower range is $3.06 in the last 52-weeks. The average volume of the company is at 4.75 million with the Outstanding Shares of 2.80 billion. The market capitalization of the company is $10.55 billion. The Beta of the company stands at 2.14 with the RSI (Relative Strength Index) of 50.30.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
Chimera Investment Corporation (NYSE:CIM)‘s shares surged 1.05% to $14.37. Chimera Investment Corporation (NYSE:CIM) is now worth about $2.69 billion. The share price has made a 7.32% gain in the past 5 days and has lost -9.62% since 2015 kicked off. Analysts are forecasting EPS growth of 0.68% for next fiscal year and 5.00% growth in the next 5 years. The stock trades with a beta of 0.85. The stock price is above by 3.56% as contrast to the average price over the last 200 days. The company has 66.90% gross margins.
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its auxiliaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes.
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