Chesapeake (CHK) Raises Loan Size to $4 Billion
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Chesapeake (NYSE: CHK) has reportedly increased the size of its unsecured bridge loan to $4 billion from $3 billion.
Goldman Sachs and Jefferies Group were providing providing the loan.
The loan carries an initial variable annual interest rate through December 31, 2012 of LIBOR plus 7.0%, which is currently 8.5%.
Chesapeake has said the loan will provide them additional liquidity as they execute asset sales during the remainder of 2012.
Goldman Sachs and Jefferies Group were providing providing the loan.
The loan carries an initial variable annual interest rate through December 31, 2012 of LIBOR plus 7.0%, which is currently 8.5%.
Chesapeake has said the loan will provide them additional liquidity as they execute asset sales during the remainder of 2012.
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