Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
EXPAND ENERGY Corp incurred credit facility of $3.5 billion borrowing base and $2.0 billion aggregate commitments with JPMorgan Chase Bank, N.A. (as administrative agent) maturing five years from the Effective Date.
- Instrument
- credit facility
- Principal
- $3.5 billion borrowing base and $2.0 billion aggregate commitments
- Counterparty
- JPMorgan Chase Bank, N.A. (as administrative agent)
- Maturity
- five years from the Effective Date
- Event
- incurrence
Exact text from the filing
On December 9, 2022 (the “Effective Date”), Chesapeake Energy Corporation (“Chesapeake” or the “Company”) entered into a reserve-based credit agreement (the “Credit Agreement”) with the lenders and issuing banks party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (in such capacity, the “Administrative Agent”), providing for a reserve-based credit facility (the “Credit Facility”) with an initial borrowing base of $3.5 billion and aggregate commitments of $2.0 billion.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael A. Wichterich resigned as Chairman of the Board at EXPAND ENERGY Corp.
- Action
- resigned
- Role
- Chairman of the Board
Exact text from the filing
On December 9, 2022, Michael A. Wichterich informed the Board of Directors of the Company (the “Board”) his intention to resign as Executive Chairman of the Company effective as of the close of business on December 31, 2022.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
EXPAND ENERGY Corp entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent valued at $3.5 billion borrowing base and $2.0 billion commitments (effective 2022-12-09).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
- Value
- $3.5 billion borrowing base and $2.0 billion commitments
- Effective
- 2022-12-09
Exact text from the filing
On December 9, 2022 (the “Effective Date”), Chesapeake Energy Corporation (“Chesapeake” or the “Company”) entered into a reserve-based credit agreement (the “Credit Agreement”) with the lenders and issuing banks party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (in such capacity, the “Administrative Agent”), providing for a reserve-based credit facility (the “Credit Facility”) with an initial borrowing base of $3.5 billion and aggregate commitments of $2.0 billion.
View on SEC.gov