Skip to content
CDSBench
Get started

Chesapeake Energy Corporation · Bankruptcy · 2020

7.50% Senior Notes due 2026

Chesapeake Energy Corporation · CUSIP 165167DB0. 8 verified questions on this obligation.

LinkedInXEmail

Verified outcome

EligibleIs 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?

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

Currency
USD
Final maturity
2026-10-01
Seniority
Senior
Governing law
State of New York
Form
Registered
Transferable
Yes (no contractual transfer restriction)
Coupon
7.50%

Questions and verified answers

  1. #1 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?
    Eligible
  2. #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?
    Yes

    Ninth Supplemental Indenture of 2018-09-27

  3. #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?
    Yes

    Ninth Supplemental Indenture of 2018-09-27

  4. #4 Does the instrument meet the Not Subordinated characteristic?
    Yes

    Ninth Supplemental Indenture of 2018-09-27

  5. #5 Does the instrument meet the Not Bearer characteristic?
    Yes

    Ninth Supplemental Indenture of 2018-09-27

  6. #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?
    Yes
    None: no clause making principal contingent was found.
  7. #7 Does the instrument meet the Transferable characteristic?
    Yes
    None: no clause restricting transfer was found.
  8. #8 Is the issuer of the instrument the Reference Entity?
    Yes
    No clause cited

Documents

Terms come from these documents. Fields the record omits show as not stated.

  • DOC-1 Chesapeake 8-K filed 2020-06-29, Item 1.03 Bankruptcy (and Item 2.04), petition 2020-06-28excerpts
  • DOC-2 Ninth Supplemental Indenture dated September 27, 2018, $400,000,000 7.50% Senior Notes due 2026 (EX-4.3)excerpts
  • DOC-3 Base Indenture dated April 24, 2014 (EX-4.1)excerpts

Mastermind

Analyse your own bond like this

Mastermind tests each Deliverable Obligation characteristic against your own bond's documents, with the clause behind every result: useful before a credit story breaks, and the moment it does.

Private analysis requires Mastermind Pro ($499 / month); the price is shown before any checkout.

Analyse your own bondSee MastermindBack to case