Chesapeake Wins Bid To Buy Back $1.3B In Bonds

Law360, New York (May 8, 2013, 6:49 PM EDT) -- A New York federal judge Wednesday sided with Chesapeake Energy Corp. in its bid to call back and refinance $1.3 billion in bonds, rejecting arguments from trustee Bank of New York Mellon that the energy company had moved too late in redeeming the notes.

After a three-day bench trial, U.S. District Judge Paul A. Engelmayer ruled that Chesapeake is allowed to buy back the notes it issued in February 2012 without paying a penalty because it provided notice by a March 15 deadline, as required under...
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