marcellusdrilling.com
Chesapeake Energy Faces Bankruptcy if Noteholders Don’t Cooperate | Marcellus Drilling News
It appears that Chesapeake Energy is having trouble convincing its noteholders with notes due in 2017/2018 to exchange those notes (IOUs), which are unsecured (no guarantees they get paid if the company goes belly up) for new secured, second-lien notes due in 2022. We told you two weeks ago that Chesapeake had embarked on a