Each one in plain English, with the numbers worked through for a shareholder.
10 June 2016substantial holder notice● Neutral
Southeastern Asset Management, Inc. I.D. No, Longleaf Partners Fund I.D. No, O. Mason Hawkins I.D. No. XXX-XX-XXXX reported a EXPAND ENERGY Corp shareholding of 53,940,462 shares (7.60% of votes) in a periodic institutional filing.
A second exchange round a week later added another 37.1 million shares (5.2% dilution) for $165.5 million more in notes, continuing the same debt-reduction-through-dilution campaign.
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.
Chesapeake amended its senior credit agreement, reaffirming a $4.0 billion borrowing base but deferring the next redetermination and suspending several leverage and interest-coverage covenants into 2017 - an early sign of balance-sheet strain during the 2015-16 gas price downturn.
EXPAND ENERGY Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
EXPAND ENERGY Corp shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Capital Research Global Investors ** reported a EXPAND ENERGY Corp shareholding of 33,215,000 shares (4.90% of votes) in a periodic institutional filing.