Chesapeake Calls Bonds Early at Par on Ruling

Chesapeake Calls Bonds Early at Par on Ruling

Daniel Acker/Bloomberg

Chesapeake, the second-biggest natural gas producer in the U.S., sued March 8 seeking a court order allowing it to issue a notice to bondholders by today that it would redeem the 6.775 percent notes at par, or 100 cents on the dollar, six years before they mature and without risk of a make-whole demand.