Thread regarding Chesapeake Energy Corp. layoffs

Why can't CHK buy their bonds for pennies on the dollar that were issued under AKM?

by Buy Bonds, Reduce Debt
| 1544 views | | 4 replies (last February 16, 2016) | Reply
Post ID: @OP+FUctB5t
Comment! It's anonymous!

4 replies (most recent on top)

It depends if the bonds are callable or not.

by Anonymous
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Post ID: @4dcp+FUctB5t

"Buying debt" kinda oxymoronic.

by Anonymous
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Post ID: @1asb+FUctB5t

Hey reply #1: you're an idiot. That's not how buying debt back works. And I'm sure they are buying debt back at these levels.

by Anonymous
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Post ID: @1qne+FUctB5t

Because when you have 10 billion in debt and 1 billion in cash and you use your cash to pay down debt you end up with 9 billion in debt and no cash. Make sense?

by Anonymous
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Post ID: @tjo+FUctB5t

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