https://www.prnewswire.com/news-releases/chesapeake-energy-corporation-commences-voluntary-chapter-11-process-301084764.html#nav-mobile
4 replies (most recent on top)
The other $2.5 billion is secured debt owned by the same people who gave them the loan to file Chapter 11. It was a debtors squabble that debt is the last man standing every body else gets a tax write-off. Unfortunately nobody needs a tax write-off this year.
Curious to see what the insider (CHK management) activity has been recently. Fully expect to see a lot of selling. SEC will be notified.
Why attempt restructuring only 7B?
How about the other 2.5B?
Finally! Flush the toilet of that AKM debt ! Woohoo!