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)
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JULY 29, 2004 (JULY 28, 2004)
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 July 28,
2004 announcing the pricing of $300 million of 7% senior notes due 2014. The
following was included in the Press Release:
Chesapeake today announced that it has priced at par a private offering
of $300 million of senior notes due August 15, 2014, which will carry an
interest rate of 7%. The senior notes being sold by Chesapeake will not be
registered under the Securities Act of 1933 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 August 2,
2004, and is subject to satisfaction of customary closing conditions. Chesapeake
intends to use the net proceeds of the offering to finance a portion of the
pending acquisitions of Bravo Natural Resources, Inc., certain assets from
Legend Natural Gas, LP and to repay amounts outstanding under our existing bank
credit facility incurred to finance the acquisition of certain assets from
Tilford Pinson Exploration, LLC. The Bravo acquisition is expected to close by
August 2, 2004 and the Legend acquisition is expected to close August 31, 2004.
If these acquisitions do not close, excess net proceeds of the offering will be
used for general corporate purposes, including repayment of debt or 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 FIVE LARGEST INDEPENDENT U.S.
NATURAL GAS PRODUCERS. HEADQUARTERED IN OKLAHOMA CITY, THE COMPANY'S OPERATIONS
ARE FOCUSED ON EXPLORATORY AND DEVELOPMENTAL DRILLING AND PRODUCING PROPERTY
ACQUISITIONS IN THE MID-CONTINENT, PERMIAN BASIN, SOUTH TEXAS, TEXAS GULF COAST
AND ARK-LA-TEX REGIONS OF THE UNITED STATES. THE COMPANY'S INTERNET ADDRESS IS
WWW.CHKENERGY.COM.
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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: July 29, 2004
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