History
2020: Bankruptcy of the company
In June, 2020 the Chesapeake Energy company, one of pioneers of the slate industry of the USA, submitted the application for bankruptcy and asked about protection for debt restructuring.
"The Chesapeake Energy corporation announced today that the company voluntarily submitted the application for receiving protection according to the 11th chapter (bankrupcy law) to court of the USA according to cases of bankruptcy of the Southern federal district of Texas for simplification of complex restructuring of balance", said in release of the company.
Chesapeake will implement the plan of reorganization for liquidation of "about seven billion dollars of debt".
The company signed the agreement with creditors under which will select with it a loan in the amount of 925 million dollars. Along with it creditors and holders of secured bills should select Chesapeake of 600 million dollars.
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