Chesapeake Energy Corporation’s $850 Million High?Yield Senior Notes Offering


Cravath represented the initial purchasers, led by Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and Citigroup, in connection with the $850 million 144A/Reg. S high?yield senior notes 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 cash tender offers. The transaction closed on October 12, 2017.

The Cravath team included partner Stephen L. Burns (Picture) and associates Michael E. Mariani, Sarah R. Jacobson and Zachary J. Savrick on securities matters, and partner Kara L. Mungovan and associate Lingfeng Li on tax matters.

Involved fees earner: Stephen L. Burns – Cravath Swaine & Moore; Michael Mariani – Cravath Swaine & Moore; Sarah Jacobson – Cravath Swaine & Moore; Zachary Savrick – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Lingfeng Li – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Citigroup Inc.; Deutsche Bank Securities; Morgan Stanley; Wells Fargo;

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Author: Ambrogio Visconti