Chesapeake Energy Corporation’s $600 Million High?Yield Senior Debt Offering


Cravath represented the initial purchasers, led by Deutsche Bank Securities, Bank of America Merrill Lynch, Citigroup and Wells Fargo Securities, in connection with the US$600 million 144A/Reg. S high?yield senior debt offering of Chesapeake Energy Corporation, a petroleum and natural gas exploration and production company.

Cravath also represented the dealer managers in connection with Chesapeake Energy Corporation’s concurrent debt tender offers. The transactions closed on December 20, 2016.

The Cravath team included partners Stephen L. Burns (Picture) and Johnny G. Skumpija and associates Benjamin S. Persina and Andrew T. Murphy on securities matters; partner Christopher K. Fargo and associates Kara L. Mungovan and Lingfeng Li on tax matters; and partner Matthew Morreale on environmental matters. Zachary J. Savrick also worked on securities matters.

Involved fees earner: Stephen L. Burns – Cravath Swaine & Moore; Johnny Skumpija – Cravath Swaine & Moore; Benjamin Persina – Cravath Swaine & Moore; Andrew Murphy – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Lingfeng Li – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Deutsche Bank Securities; Wells Fargo;

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Author: Ambrogio Visconti