Investing
Chesapeake Energy Wins Court Ruling on Bond Redemption
Published:
Last Updated:
Chesapeake will save $100 million in interest charges on the notes after redeeming them at par and refinancing the debt.
In the great scheme of Chesapeake’s efforts to reduce its debt burden, $100 million is not a huge amount, but the company needs every dime it can raise. Today’s ruling inches Chesapeake nearer to its debt-reduction goal.
Shares of Chesapeake are trading up 1.2% to $19.35 in the first half-hour of trading this morning, in a 52-week range of $13.32 to $22.97.
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.