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SES - Chesapeake Energy Highlights - July 2, 2020
On June 28, Chesapeake Energy filed voluntary petitions for reorganization under the Chapter 11 bankruptcy code. Concurrently, the company entered into a restructuring support agreement with 100% of the lenders under its revolving credit facility, holders of about 87% of the obligations under its term loan agreement, 60% of its senior secured second-lien notes due 2025, and 27% of its senior unsecured notes, pursuant to which Chesapeake will implement a plan to eliminate about......
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