Past year: ▼ 15%(84.09 – 121.93 USD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Sept 2019capital raising announcement▼ Bad
Between September 13 and 18, 2019, Chesapeake agreed to issue 68,599,009 shares of common stock in exchange for about $145 million of senior notes: $55 million due 2025, $30 million due 2026 and $60 million due 2027.
10 Sept 2019capital raising announcement▼ BadMajor
In its largest exchange yet, Chesapeake issued 250.7 million new shares -- a massive dilution -- to a single large investment manager for nearly $588 million of preferred stock and senior/convertible notes, just months before its NYSE delisting notice and under a year before its Chapter 11 filing.
20 Jan 2017capital raising announcement▼ Bad
Chesapeake exchanged 18.8 million new shares for three series of cumulative convertible preferred stock, continuing to dilute its way through legacy securities left from the downturn.
5 Oct 2016capital raising announcement● NeutralMajor
Chesapeake raised $1.24 billion net by privately placing 5.5% convertible senior notes due 2026 through Goldman Sachs, using proceeds to pay down its revolver and near-term debt maturities.
8 June 2016capital raising announcement▼ Bad
A third exchange round issued 22.0 million more shares for $125.3 million of notes, extending the pattern into a third consecutive month.
23 May 2016capital raising announcement▼ Bad
From 16 to 23 May 2016, a further round of exchanges issued about 37.1 million shares (roughly 5.2% of outstanding stock) for $166.0 million of senior notes.
12 May 2016capital raising announcement▼ BadMajor
Chesapeake began a debt-for-equity exchange program during the shale-gas downturn, issuing 28.1 million new shares (4.1% dilution) for $153 million face value of convertible and senior notes.
