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Chesapeake Energy maintains $4 billion credit facility

2016-04-11 20:34:37| Energy - Topix.net

Shares of Chesapeake Energy soared Monday, after the natural gas producer said it was able to amend terms with its lenders and maintain a revolving credit facility at $4 billion. In a research note Monday, Citi Research analyst Marisa Moss said the amended credit facility will give Chesapeake time to "ride out a low commodity price environment."

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