Oklahoma medical examiner rules oilman McClendon's deadly crash an accident
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Wall St set for higher open as AI stocks rise, oil slides
- Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
- Streamflation drives 39% of Americans to cancel streaming in 6 months
- Wall St set for higher open as AI stocks rise, oil slides
S&P Downgrades Chesapeake Energy (CHK) to 'SD'; Notes Recent Debt-for-Equity Exchange
June 9, 2016 2:58 PM EDTKey Points:
Chesapeake Energy Corp. announced it has or will exchange portions of its debt maturing or putable in 2018, 2019, 2021, 2022, and 2038.We view the exchanges as distressed because the investors are receiving less than the original promise and the company is currently holding, in our view, an over leveraged capital structure with potential liquidity issues in the near-term due to total 2017 maturities and a likely put totaling about $1.5 billionWe are lowering the corporate credit rating to 'SD' from... MoreKLR Sees Chesapeake's (CHK) Debt-for-Equity Swap Having Minor Negative Impact; Affirms at 'Buy'
June 9, 2016 7:57 AM EDTKLR Affirms Chesapeake (NYSE: CHK) with a Buy rating and $7 price target amid a recent dent-for-equity exchange arrangement.
ANalyst John Gerdes commented, Minor Debt For Equity Exchange (Minor Negative Value Impact) Chesapeake announced it has agreed to exchange ~$125 million in outstanding 7.25% Senior Notes due 2018,... More
