SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported) December 16, 2002
(December 16, 2002)
CHESAPEAKE ENERGY CORPORATION
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(Exact name of Registrant as specified in its Charter)
Oklahoma 1-13726 73-1395733
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
6100 North Western Avenue, Oklahoma City, Oklahoma 73118
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(Address of principal executive offices) (Zip Code)
(405) 848-8000
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(Registrant's telephone number, including area code)
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
Chesapeake Energy Corporation ("Chesapeake") issued a Press Release on
December 16, 2002 announcing the pricing of $150 million of 7.75% senior notes
due 2015. The following was included in the Press Release:
OKLAHOMA CITY, OKLAHOMA, DECEMBER 16, 2002 - Chesapeake Energy Corporation
(NYSE:CHK) today announced that it has priced a private offering of $150 million
of senior notes due January 15, 2015, which will carry an interest rate of
7.75%. The senior notes were priced at 99.026% to yield 7.875%. The senior notes
being sold by Chesapeake will not be registered under the Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements. The
senior notes will be eligible for trading under Rule 144A.
Closing of the senior notes offering is expected to occur on December 20, 2002,
and is subject to satisfaction of customary closing conditions. Chesapeake
intends to use the net proceeds of the offering to finance, in part, the
recently announced acquisition of natural gas properties from ONEOK, Inc., which
is scheduled to close in January 2003. In the event the ONEOK acquisition is not
consummated, proceeds will be used for general corporate purposes including
possible future acquisitions.
This announcement shall not constitute an offer to sell or a solicitation of an
offer to buy. This document contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements include estimates
and give our current expectations or forecasts of future events. Although we
believe our forward-looking statements are reasonable, they can be affected by
inaccurate assumptions or by known or unknown risks and uncertainties.
Chesapeake Energy Corporation is one of the 10 largest independent natural gas
producers in the U.S. Headquartered in Oklahoma City, the company's operations
are focused on exploratory and developmental drilling and producing property
acquisitions in the Mid-Continent region of the United States.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CHESAPEAKE ENERGY CORPORATION
By: /s/ Aubrey K. McClendon
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Aubrey K. McClendon
Chairman of the Board and
Chief Executive Officer
Dated: December 16, 2002