Chesapeake Energy
Chesapeake Energy is an Oklahoma City-based company in the petroleum industry founded in 1989 by Aubrey McClendon.
Key facts
| Company Operating Status | Active |
|---|---|
| Full Address | Chesapeake Energy Corporation P.O. Box 18496 Oklahoma City, OK |
| Legal Entity Identifier | X2MT1W32SPAZ9WSKLE78 |
| Stock Symbol | CHK |
| Wikidata ID | Q2962826 |
Covenant analysis
| Covenant | Term | vs market | Source |
|---|---|---|---|
| Incremental Commitment Cap · Negative Covenant - Indebtedness | Aggregate Commitments not to exceed $4,500,000,000 after giving effect to any Incremental Increase | source ↗ | |
| Restricted Payments · Negative Covenant - Restricted Payments | Restricted Payments permitted so long as, immediately after giving pro forma effect, no Event of Default shall have occurred and be continuing or would result therefrom | source ↗ | |
| Priority Indebtedness Basket (General) · Negative Covenant - Indebtedness | Aggregate principal amount of Priority Indebtedness incurred under the general basket not to exceed 15% of Consolidated Net Tangible Assets | market 15% vs basket median 20% (n=122) | source ↗ |
| Additional Liens Basket · Negative Covenant - Liens | Aggregate principal amount of obligations secured by additional liens not to exceed 15% of Consolidated Net Tangible Assets | market 15% vs basket median 20% (n=122) | source ↗ |
| Judgment Default · Event of Default | Final judgments for payment of money in excess of $200,000,000 not paid, bonded or discharged within 30 days | market $200m vs event of default median $125m (n=62) | source ↗ |
| Total Indebtedness to Capitalization Ratio · Financial Maintenance | Not to exceed 65% | loose 65% vs financial maintenance median 10% (n=26) | source ↗ |
Contact details
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