Chesapeake Energy announces new rate for its $2 billion facility loan
Chesapeake Energy Corporation, the second largest producer of natural gas in the United States announced the new rate for its $2 billion unsecured five-year term facility loan, arranged by Bank of America Corp., Goldman Sachs Group, Inc. and Jefferies Finance LLC.
Chesapeake Energy Corporation today announced a strategic and financial plan designed to increase shareholder value, reduce debt and ultimately achieve an investment grade rating for the company's debt securities.