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home / news releases / CHKAQ - Chesapeake Energy exits Chapter 11; new shares to start trading tomorrow

CHKAQ - Chesapeake Energy exits Chapter 11; new shares to start trading tomorrow

Chesapeake Energy Corp.
Chesapeake Energy (CHKAQ) says it has successfully concluded its restructuring process and emerged from Chapter 11 bankruptcy.Under the court-approved plan, $7.8B of debt has been equitized, and the company's preferred and common equity interests have been cancelled.The company's new common shares will be listed on Nasdaq under the CHK ticker symbol, to begin trading on Feb. 10.Chesapeake's current principal amount of debt outstanding totals $1.27B, compared to nearly $9.1B when the company officially filed for bankruptcy in June 2020.

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Chesapeake Energy exits Chapter 11; new shares to start trading tomorrow
Stock Information
Company Name: Chesapeake Energy Corp.
Stock Symbol: CHKAQ
Market: OTC
Website: chk.com
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