Chesapeake Energy Corporation today announced that it intends to commence a public offering of $500 million of a new issue of senior notes due 2013. Chesapeake intends to use the net proceeds from the offering, together with proceeds from concurrent public offerings of mandatory convertible preferred stock and common stock, to fund its recently announced Barnett Shale acquisitions for $932 million, to repay outstanding indebtedness under its revolving credit facility and for general corporate purposes.
