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Chesapeake to buy Southwestern for $7.4 billion in all-stock deal

"Chesapeake is committed to maintaining an investment grade balance sheet following the acquisition, and an investment grade capital structure is integral to Chesapeake's strategy as it looks to enter into long-term LNG supply agreements for up to 20% of its production, which would allow for higher international pricing." "However, international contracts would expose Chesapeake to fixed charges that may be burdensome in periods with low differentials between Henry Hub and o...
United States Mrinalika Roy Shounak Dasgupta Chesapeake Energy Southwestern Energy Fitch Ratings
Source: yahoo.com

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