Chesapeake Considers Unusual 1.5 Lien Debt Exchange | Marcellus Drilling News
If you can help us figure this one out--please do! Reuters is reporting that Chesapeake Energy is considering swapping out some existing debt for "new 1.5 lien debt." We know a first lien means you have "first dibs"--you're first in line to receive something/anything if a company goes bankrupt. A second lien means you're second