OKLAHOMA CITY, June 2 /PRNewswire-FirstCall/ -- Chesapeake Energy
Corporation (NYSE: CHK) today announced the final results of its previously
announced offer to exchange 63.0444 shares of its common stock for each
outstanding share of its 4.125% Cumulative Convertible Preferred Stock (the
"Preferred Stock") (CUSIP Nos. 165167875 and 165167883). The exchange offer
expired at 5:00 p.m. New York City Time on Thursday, June 1, 2006.
Chesapeake issued 5,248,126 shares of its common stock in exchange for
83,245 shares, or 96.4%, of its outstanding 4.125% Cumulative Convertible
Preferred Stock tendered in the exchange offer. 3,065 shares of the
Preferred Stock remained outstanding at the expiration of the exchange
offer.
The exchange offer was made pursuant to an offer to exchange and
related letter of transmittal, copies of which may be obtained without
charge from the information agent for the exchange offer, Global Bondholder
Services Corporation, who may be reached at 866-924-2200 (US toll-free) and
212-430-3774 (collect). The offer to exchange and other related documents
filed with the Securities and Exchange Commission on Schedule TO may be
obtained for free at the Commission's web site, http://www.sec.gov.
Chesapeake Energy Corporation is the second largest independent
producer of natural gas in the U.S. Headquartered in Oklahoma City, the
company's operations are focused on exploratory and developmental drilling
and corporate and property acquisitions in the Mid-Continent, Permian
Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and
Appalachian Basin regions of the United States. The company's Internet
address is http://www.chkenergy.com.
SOURCE Chesapeake Energy Corporation
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Related links:
http://www.chkenergy.com
CONTACT:
Jeffrey L. Mobley, CFA, Senior Vice President
- Investor Relations and Research, +1-405-767-4763,
jmobley@chkenergy.com; Marc Rowland, Executive Vice President and
Chief Financial Officer, +1-405-879-9232, mrowland@chkenergy.com
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