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The book assets as of 3/30/20 were $7.8B

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alexbh2285   Monday, 06/29/20 08:34:50 AM
Re: get_it_back post# 18548
Post # of 18797 
The book assets as of 3/30/20 were $7.8B vs. $11.7B liabilities. $35B was property plant and equipment but that is only $5.8B after depreciation. In addition there is another $1.6B in preferred equity which would get paid before the equity. So $13.3B ranking above the equity and $7.8B of book assets. From the last 10-Q.

According to the Restructuring Support Agreement entered into by CHK and some of the debtors and described in this morning’s 8-K, “each holder of an equity interest in Chesapeake would have such interest cancelled, released, and extinguished without any distribution.“

The unsecured bonds which rank above the preferreds which rank about the equity are offered at 4 cents on the dollar this morning.

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