June 29, 2020 | Cbonds
|On Sunday, Chesapeake Energy, oil and natural gas producer, filed for bankruptcy protection. The company has been suffering difficulties due to the crash of oil prices. Thus, it can't handle its $9bn debt. |
The corporation will continue to operate during the process. The restructuring plan supposes the elimination of about $7bn in debt. Chesapeake has secured $925 million in debtor-in-possession financing.
Company: Chesapeake Energy
|Full company name||Chesapeake Energy Corporation|
|Country of risk||USA|
|Country of registration||USA|
|Industry||Oil and gas|