Chesapeake issues senior notes-another nail in our coffin?

Here you go! Not that i’m surprised, cause this is the classical Chesapeake way of doing things: They sell some assets, fire some people, and when that’s not enough then they print senior notes. What pisses me off even more is that they don’t plan to put the gathered money into anything that can generate any real revenue, but rather spend it on paying off old debt and covering corporate expenses. What’s going to happen when they run out of money again? You do the math! This is just another sign of our definitive downfall, if you ask me.

https://www.marketwatch.com/press-release/chesapeake-energy-corporation-announces-125-billion-senior-notes-offering-2018-09-25

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Creating a new debt to finance the old one usually doesn’t end well, but tend to agree with @1qlf. Hope this move push us in a right direction.

Another clueless employee (OP).

The new debt is actually a huge step in the right direction. Moody's also upgraded chks debt and stated another upgrade is likely after closing the Utica deal.

The better debt rating will mean a lower interest rate. Currently CHK is breaking even, but a lower interest rate means CHK can grow production or pay down debt or both. This new debt and the interest rate it will have is huge for the long term health of the balance sheet.

Now I do feel CHK has its own challenges, but this new debt is not one.

Thread regarding Chesapeake Energy Corp. layoffs

Chesapeake issues senior notes-another nail in our coffin?

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