Bracewell & Giuliani LLP represented Chesapeake Energy in a $1.26 billion transaction to repurchase all of the outstanding preferred shares of its unrestricted subsidiary, Chesapeake Utica L.L.C., from third-party preferred shareholders.
The transaction involves more than one million preferred shares of Chesapeake Utica and will eliminate approximately $75 million in annual cash dividend payments to third-party preferred shareholders.
Bracewell attorneys involved in the transaction include:
Partners: G. Alan Rafte and Elizabeth L. McGinley
Associates: Christopher J. Miller and Vivian Y. Ouyang