On Tuesday, Chesapeake Energy Corporation (NYSE:CHK)’s shares declined -1.85% to $3.98.
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about $3.8 billion aggregate principal amount, or about 41%, of Existing Notes were validly tendered and not validly withdrawn.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the approximate aggregate principal amounts of each series of Existing Notes that were validly tendered and not validly withdrawn on or preceding to the Early Tender Date.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the Exchange Offers for any or all Existing Notes validly tendered preceding to the Early Tender Date, and not validly withdrawn before 5:00 p.m., New York City time, on December 15, 2015 (the “Withdrawal Expiration Date”), at any time after the Early Tender Date and preceding to the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the Exchange Offers for all accepted Existing Notes validly tendered preceding to the Early Tender Date and not validly withdrawn before the Withdrawal Expiration Date and issue about $2.35 billion aggregate principal amount of Second Lien Notes on or about December 23, 2015.
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.
Halliburton Company (NYSE:HAL)’s shares gained 1.89% to $34.03. The last trading range of Halliburton Company (NYSE:HAL) ranges between $33.34 and $34.35. The EPS of the company stands at $0.31. The 52-week range shows that the stock reached higher at $30.93 while its lower range is $50.20 in the last 52-weeks. The average volume of the company is at 12.88 million with the Outstanding Shares of 855.81 million. The market capitalization of the company is $28.59 billion. The Beta of the company stands at 1.48 with the RSI (Relative Strength Index) of 35.40.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation.
Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT)‘s shares dipped -0.16% to $6.30.
VimpelCom Russia (the Beeline Brand) and Mobile TeleSystems (MTS, NYSE: MBT) have declared a large-scale project to share 4G/LTE radiofrequencies in 20 regions of Russia.
VimpelCom Russia and MTS have signed an amendment to their December 2014 agreement to jointly plan, develop and operate 4G/LTE netoperates in Russia.
In the long term, the terms of the agreement allow for a doubling of the peak speeds presently accessible to MTS and VimpelCom Russia customers up to 150 Mbps. Average data speeds are also predictable to grow for the 4G/LTE users in the regions covered by the amendment.
VimpelCom Russia CEO Mikhail Slobodin said: “The first year of partnership with MTS for joint operation of networks proved highly effective and promising. We are satisfied with the quality of cooperation between our companies and convinced that the share of frequency range and the entire infrastructure will provide the best quality of 4G/LTE services in larger areas and deliver the best user experience. We also praise Russia’s Ministry of Communications and Mass Media for the preparation of the regulatory framework and the adoption of laws that enable us to double the peak speed of mobile internet by combining the frequency spectrum in future.”
Mobile TeleSystems PJSC provides telecommunication services in Russia and the Commonwealth of Independent States. It offers a range of mobile and fixed line voice and data telecommunications services, counting data transfer, broadband, pay-TV, and various value-added services, in addition to sells equipment and accessories.
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