EXPAND ENERGY Corp. Files 8-K: Material Agreement, Financials
Ticker: EXE · Form: 8-K · Filed: Nov 22, 2024 · CIK: 895126
Sentiment: neutral
Topics: material-agreement, financials, corporate-action
Related Tickers: CHK
TL;DR
EXPAND ENERGY (formerly CHESAPEAKE) signed a big deal, filed financials. Check it out.
AI Summary
On November 21, 2024, EXPAND ENERGY Corp. entered into a material definitive agreement. The filing also includes Regulation FD Disclosures and Financial Statements and Exhibits. The company, formerly known as CHESAPEAKE ENERGY CORP, is incorporated in Oklahoma and its fiscal year ends on December 31.
Why It Matters
This 8-K filing indicates a significant new agreement for EXPAND ENERGY Corp., which could impact its operations and financial standing. Investors should review the details of the agreement and accompanying financial information.
Risk Assessment
Risk Level: medium — The filing of a material definitive agreement and financial exhibits suggests significant corporate activity that could carry inherent risks and opportunities.
Key Numbers
- 001-13726 — SEC File Number (Identifies the company's filing with the SEC.)
- 73-1395733 — IRS Number (Company's tax identification number.)
Key Players & Entities
- EXPAND ENERGY Corp. (company) — Registrant
- CHESAPEAKE ENERGY CORP (company) — Former company name
- November 21, 2024 (date) — Date of earliest event reported
- Oklahoma (location) — State of incorporation
FAQ
What is the nature of the material definitive agreement entered into by EXPAND ENERGY Corp. on November 21, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text excerpt. Further review of the full filing is required.
What are the key items included in this 8-K filing?
This 8-K filing includes information on the entry into a material definitive agreement, Regulation FD Disclosures, and Financial Statements and Exhibits.
When was EXPAND ENERGY Corp. formerly known as?
EXPAND ENERGY Corp. was formerly known as CHESAPEAKE ENERGY CORP.
In which state is EXPAND ENERGY Corp. incorporated?
EXPAND ENERGY Corp. is incorporated in Oklahoma.
What is the fiscal year end for EXPAND ENERGY Corp.?
The fiscal year end for EXPAND ENERGY Corp. is December 31.
Filing Stats: 869 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-11-22 16:52:04
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share EXE The Nasdaq
- $750,000,000 — ring (the "Offering") by the Company of $750,000,000 aggregate principal amount of the Compa
Filing Documents
- tm2428330d4_8k.htm (8-K) — 40KB
- tm2428330d4_ex1-1.htm (EX-1.1) — 208KB
- tm2428330d4_ex99-1.htm (EX-99.1) — 14KB
- tm2428330d4_8kimg001.jpg (GRAPHIC) — 15KB
- tm2428330d4_ex99-1img001.jpg (GRAPHIC) — 10KB
- 0001104659-24-122140.txt ( ) — 593KB
- exe-20241121.xsd (EX-101.SCH) — 4KB
- exe-20241121_def.xml (EX-101.DEF) — 27KB
- exe-20241121_lab.xml (EX-101.LAB) — 38KB
- exe-20241121_pre.xml (EX-101.PRE) — 25KB
- tm2428330d4_8k_htm.xml (XML) — 7KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On November 21, 2024, Expand Energy Corporation (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC, TD Securities (USA) LLC and BofA Securities, Inc., as representatives of the several underwriters named in Schedule 1 to the Underwriting Agreement (the "Underwriters"), with respect to the issuance and sale in an underwritten public offering (the "Offering") by the Company of $750,000,000 aggregate principal amount of the Company's 5.700% Senior Notes due 2035 (the "Notes"). The material terms of the Offering are described in the prospectus supplement dated November 21, 2024, as filed by the Company with the Securities and Exchange Commission (the "Commission"). The offer and sale of the Notes is registered with the Commission pursuant to the Company's Registration Statement on Form S-3 (File No. 333-283348) that was filed with the Commission on November 20, 2024. Subject to the satisfaction of customary conditions to closing, the transactions contemplated by the Underwriting Agreement will be consummated on December 2, 2024. The Underwriting Agreement contains customary indemnification and contribution provisions whereby the Company, on the one hand, and the Underwriters, on the other hand, have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the "Securities Act"). The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. Some of the Underwriters and their affiliates have engaged in, and may in the future engage in, investment banking and other commercial dealings in the ordinary course of business with the Company and its af
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 1.1 Underwriting Agreement, dated November 21, 2024, by and among Expand Energy Corporation and J.P. Morgan Securities LLC, TD Securities (USA) LLC and BofA Securities, Inc., as representatives of the several underwriters named therein 99.1 Expand Energy Corporation press release dated November 21, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXPAND ENERGY CORPORATION By: /s/ Chris Lacy Chris Lacy Executive Vice President, General Counsel and Corporate Secretary Date: November 22, 2024