Chesapeake Energy Corporation · Bankruptcy · 2020 · 8.00% Senior Notes due 2027
Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?
Verified answer
Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.
Source clauses
Seventh Supplemental Indenture of 2017-06-06
How it was checked · 2 checks
- Rule re-applied. All 7 checks, and the check that the core facts are present, re-applied to the stored facts give the same results as the Mastermind v3 run of 2026-09-26.
- Quote verified. Every quoted clause (6 facts) appears verbatim in its cited section.
About this question
The instrument is a Deliverable Obligation when every check passes. Each check has its own question on this case; the source clauses behind them are marked in the documents below.
These checks are CDSBench's provisional reading of the 2014 ISDA Credit Derivatives Definitions, not legal advice.
Instrument: 8.00% Senior Notes due 2027
Source documents
The case record. Sections behind the verified answer are marked.
- DOC-1 Chesapeake 8-K filed 2020-06-29, Item 1.03 Bankruptcy (and Item 2.04), petition 2020-06-28excerpts
- DOC-2 Seventh Supplemental Indenture dated June 6, 2017, $750,000,000 8.00% Senior Notes due 2027 (EX-4.2)excerpts
- DOC-3 Base Indenture dated April 24, 2014 (EX-4.1)excerpts
Related questions and cases
Same case
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
- #5 Does the instrument meet the Not Bearer characteristic?Yes
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?Yes
- #7 Does the instrument meet the Transferable characteristic?Yes
- #8 Is the issuer of the instrument the Reference Entity?Yes
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