Chesapeake Energy’s $1.25 Billion Convertible Senior Debt Offering

Cravath represented the initial purchasers, led by Goldman, Sachs & Co., in connection with the US$1.25 billion 144A convertible senior debt offering of Chesapeake Energy Corporation, a petroleum and natural gas exploration and production company. The transaction closed on October 5, 2016.

The Cravath team included partners Andrew J. Pitts and Stephen L. Burns and associates Benjamin S. Persina, Andrew T. Murphy, Erim E. Tuc, Alan Campbell and Max A. Greenwald on securities matters and partner Christopher K. Fargo and associate Lingfeng Li on tax matters. Zachary J. Savrick also worked on securities matters.