The December 2019 offering of $2.3 billion carried a coupon (interest) rate of 11.5%, and the debt offering had to be secured with Chesapeake assets. This debt offering, compared to one Chesapeake issued in December of 2019, signals a new attitude from investors. On Tuesday, the company announced investors acquired $1 billion through an offering of unsecured debt the company issued to raise cash for its post-bankruptcy operations. If reported interest is any indication, it would seem that investors are confident about Chesapeake Energy’s future. “We would prefer to make these difficult notifications in person, but we are unable to do so because of the current health concerns that are well known to all.”Īfter the layoffs, Chesapeake Energy’s employee count stands at about 1,300, with 800 people working in Oklahoma City, a spokesman said Wednesday. In the email, Lawler stated affected Oklahoma City workers were being notified by phone this morning, while field personnel who were cut were notified Tuesday afternoon. These factors have resulted in the painful decision to reduce our workforce,” he wrote. “We must continue to focus on building efficiencies across our enterprise.
Lawler wrote that he personally thanks each departing employee for their service to the company. Affected employees are getting a severance package that includes a cash payment and the final cash installment of the company’s 2020 bonus program and the offer of career transition assistance.
0 kommentar(er)
