On Thursday, Chesapeake Energy Corporation (NYSE:CHK)’s shares inclined -1.81% to $4.49.
Chesapeake Energy Corporation (CHK) announced the final results of its private offers to exchange new 8.00% Senior Secured Second Lien Notes due 2022 (the “Second Lien Notes”) for certain outstanding senior unsecured notes. As of 11:59 p.m., New York City time, on December 30, 2015 (the “Expiration Date”), approximately $3.8 billion aggregate principal amount, or approximately 41.5%, of Existing Notes had been validly tendered and not validly withdrawn.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the approximate aggregate principal amounts of each series of Existing Notes that were validly tendered and not validly withdrawn on or prior to the Expiration Date.
The settlement date for Existing Notes validly tendered and not validly withdrawn before 5:00 p.m., New York City time, on December 18, 2015 occurred on December 23, 2015. Recently, the Company will issue about $13.4 million aggregate principal amount of additional Second Lien Notes for Existing Notes validly tendered after the Early Tender Date and before the Expiration Date in exchange for such Existing Notes.
The Company will also make a cash payment equal to the accrued and unpaid interest on such Existing Notes accepted for exchange from the applicable latest interest payment date to, but not counting, recently. Interest on the Second Lien Notes is accruing from the date of first issuance of Second Lien Notes on 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.
Chevron Corporation (NYSE:CVX)’s shares dropped -0.16% to $89.95. The last trading range of Chevron Corporation (NYSE:CVX) ranges between $89.02 and $90.86. The EPS of the company stands at $4.60. The 52-week range shows that the stock reached higher at $113.00 while its lower range is $69.58 in the last 52-weeks. The average volume of the company is at 10.62 million with the Outstanding Shares of 1.88 billion. The market capitalization of the company is $169.31 billion. The Beta of the company stands at 1.19 with the RSI (Relative Strength Index) of 47.85.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
ITC Holdings Corp. (NYSE:ITC)‘s shares surged 1.00% to $39.25. ITC Holdings Corp. (NYSE:ITC) is now worth about $6.02 billion. The share price has made a 1.68% gain in the past 5 days and has lost -3.68% since 2015 kicked off. Analysts are forecasting EPS growth of 1.61% for next fiscal year and 8.53% growth in the next 5 years. The stock trades with a beta of -0.06. The stock price is above by 15.05% as contrast to the average price over the last 200 days. The company has 86.10% gross margins.
ITC Holdings Corp., together with its auxiliaries, engages in the transmission of electricity in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems through its own systems or in conjunction with neighboring transmission systems.
