Chesapeake Energy Corp. was denied a request for an emergencycourt ruling allowing it to start redeeming $1.3 billion in notesearly without automatically incurring the risk of paying about $400million in interest sought by Bank of New York Mellon Corp.

Chesapeake had sought a ruling saying it could issue a notice tobondholders by tomorrow informing them it will redeem the 6.775percent notes at par, or 100 cents on the dollar, six years beforethey mature. BNY Mellon, as trustee, said the company missed thedeadline for such a redemption.

Chesapeake told the judge before the ruling was that they didn'tplan to redeem the notes if they didn't get a favorable ruling.

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