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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) APRIL 10, 1998
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CHESAPEAKE ENERGY CORPORATION
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(Exact name of Registrant as specified in its Charter)
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OKLAHOMA 1-13726 73-1395733
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(State or other jurisdiction (Commission (IRS Employer Identification No.)
of incorporation) File Number)
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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)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
On April 10, 1998, Chesapeake Energy Corporation ("Chesapeake")
issued a press release announcing pricing information on tender offer for
outstanding Senior Notes. The April 10, 1998 press release is filed herewith
as Exhibit 99 and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits. The following exhibit is filed herewith:
99. Press Release issued by the Registrant on April 10, 1998.
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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: April 16, 1998
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EXHIBIT INDEX
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EXHIBIT DESCRIPTION
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99 Press Release issued by the Registrant on April 10, 1998.
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[CHESAPEAKE ENERGY CORPORATION LETTERHEAD]
CONTACT: MARC ROWLAND, CHIEF FINANCIAL OFFICER
(405) 848-8000, EXT. 232
FOR IMMEDIATE RELEASE TOM PRICE, JR., VICE PRESIDENT-
APRIL 10, 1998 CORPORATE DEVELOPMENT
(405) 848-8000, EXT. 257
CHESAPEAKE ENERGY CORPORATION ANNOUNCES PRICING INFORMATION
ON TENDER FOR OUTSTANDING SENIOR NOTES
OKLAHOMA CITY, OKLAHOMA, APRIL 10, 1998 -- Chesapeake Energy Corporation (NYSE:
CHK) today announced that, in connection with its pending tender offer and
consent solicitation to the holders of its outstanding 10 1/2% Senior Notes due
2002, the applicable yield on the Reference Security (6 1/4% U.S. Treasury Notes
due May 31, 1999) is 5.46%, as calculated by the Dealer Manager in accordance
with standard market practice, based on the bid price for such Reference
Security as of 2:00 p.m., New York City time, on April 11, 1998, as displayed on
the Relevant Bloomberg page (PX5). Based on the yield on the Reference Security
plus 50 basis points, the Total Consideration per $1,000 principal amount of
Notes tendered on or prior to the Consent Date, assuming a payment date of May
1, 1998, would be 109.611%, or $1,096.11 (of which 2.5%, or $25.00, represents
the Consent Payment).
Holders are referred to the Offer to Purchase and Consent Solicitation
Statement, dated April 1, 1998 distributed by Chesapeake Energy Corporation,
for additional information concerning the pricing, tender and delivery
procedures and conditions of the tender offer and consent solicitation.
Questions and requests for assistance concerning the tender offer and consent
solicitation should be directed to Dwight Scott at Donaldson, Lufkin & Jenrette
Securities Corporation at (713) 652-6072 or (800) 922-9004.
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Chesapeake Energy Corporation is an independent oil and natural gas producer
headquartered in Oklahoma City. The company's operations are focused on
exploratory and developmental drilling and producing property and corporate
acquisitions in major onshore producing areas of the United States and Canada.
The company's Internet address is http://www.chesapeake-energy.com.
