United-States based Chesapeake Energy has arranged a $1 billion, five-year loan with Goldman Sachs, Citigroup and MUFG, the company announced on Monday.
Chesapeake, the second-largest gas producer in the US, had accumulated total debt of about $8.68 billion as of 30 June.
The company said last week that it had agreed to sell its interests in the Barnett shale in northern Texas to Saddle Barnett Resources for $400 million.
Talk to us
Natural Gas Daily welcomes your comments. Email us at firstname.lastname@example.org.