Chesapeake Energy agrees $1 bln loan

By Staff reporter 15 August 2016

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.

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