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.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.