Chesapeake Gets Lukewarm Nod To Try $1.3B Bond Refinance

Law360, New York (March 14, 2013, 10:22 PM EDT) -- A federal judge on Thursday refused to grant Chesapeake Energy Corp. formal legal protection for its disputed plan to refinance $1.3 billion in bonds, but hinted that the company can push forward without fear of a painful payday to bondholders.

U.S. District Judge Paul Engelmayer said if Chesapeake goes ahead with plans to buy back bonds, he would not stop investors from trying to force the natural gas company to make an early $400 million payment on its debt. The bonds were supposed to come due...
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