July 27, 2015
Chesapeake Energy Corp. said Monday it will appeal to the Second Circuit a New York federal judge's ruling that it must pay nearly $380 million to bondholders whose $1.3 billion in notes it redeemed at par in 2013 in what it thought at the time was a timely special buyback.
July 21, 2015
Chesapeake Energy Corp. caught flak for trying to submit a letter of credit instead of a surety bond pending its appeal of bondholders' $380 million judgment, with The Bank of New York Mellon Trust Co. NA arguing Tuesday the substitution would open the bank to risk.
July 10, 2015
A New York federal judge ruled Friday that Chesapeake Energy Corp must pay nearly $380 million to bondholders whose $1.3 billion in notes it redeemed at par in 2013 in what it thought at the time was a timely special buyback, finding the investors should received the full make-whole price.
October 01, 2013
A New York federal judge ruled Tuesday that Chesapeake Energy Corp. owes Bank of New York Mellon Corp. reasonable attorneys' fees incurred when Chesapeake tried to call back and refinance $1.3 billion in bonds, finding Chesapeake hadn't proven the bank acted in bad faith.
May 08, 2013
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.
April 23, 2013
Chesapeake Energy Corp. has the contractual authority to call back and refinance $1.3 billion in debt despite objections from Bank of New York Mellon that it moved too late, a lawyer for the oil-and-gas company told a federal judge Tuesday.
April 01, 2013
Bank of New York Mellon will not attempt to force Chesapeake Energy Corp. to make a massive interest payment to bondholders as part of its plan to refinance $1.3 billion in debt, the bank said Monday, dropping a central claim in a lawsuit between the two.
March 19, 2013
A federal judge on Tuesday set aside a date in late April for a trial on whether Chesapeake Energy Corp. can proceed with its plan to refinance $1.3 billion in bonds over bondholders' objections.
March 14, 2013
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.
March 12, 2013
A federal judge on Tuesday criticized investors in Chesapeake Energy Corp. bonds who oppose its plan to refinance $1.3 billion in debt, suggesting that they intend to unjustly enrich themselves at the natural gas company's expense.