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CM - It’s not smooth sailing on the Chesapeake balance sheet - May 2020
Chesapeake Energy Corp. withdrew its guidance for 2020 that it had issued in late February, but it did clue investors into a contemplated bankruptcy in its filing covering Q1 results with the SEC. Though the company hired law firm Kirkland & Ellis and financial advisers Rothschild & Co. in March to help manage its $9.0 billion debt load while navigating current market conditions, Chesapeake management expressed “substantial doubt” that the company would survive, let......
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