Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.
Chesapeake Energy has engaged JPMorgan Chase Bank, Morgan Stanley Bank, Bank of America, and MUFG Bank to arrange a secured first lien last out 4.5-year term loan facility in the aggregate principal amount of up to $1.5 billion.
Chesapeake Energy amended its senior secured revolving credit facility agreement, receiving initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3 billion borrowing base the company was seeking.
Chesapeake Energy Corporation closed its previously announced $1.5 billion credit facility. Deutsche Bank Trust Company America served as term agent for the transaction.
Chesapeake Energy engaged Goldman Sachs Bank, Citigroup Global Markets and MUFG to assist with the arrangement of a secured five-year term loan in an aggregate principal amount of $1 billion.
Chesapeake Energy amended its $4 billion secured credit facility with a bank syndicate group led by MUFG Union Bank serving as administrative agent. Wells Fargo Securities served as joint lead arranger.
Chesapeake Energy amended its $4 billion revolving credit facility with a syndicate led by MUFG Union Bank as administrative agent. MUFG and Wells Fargo served as co-syndication agents.
Chesapeake Energy announced that it closed on a new five-year, $4 billion senior unsecured revolving credit facility. The new credit facility was led by MUFG Union Bank as administrative agent.