Chesapeake (CHK -3.9%) reportedly increased the size of the $3B bridge loan it’s seeking to...


Chesapeake (CHK -3.9%) reportedly increased the size of the $3B bridge loan it’s seeking to refinance debt to $4B; the debt will now be sold at $0.97 on the dollar, up from $0.96, increasing proceeds for the company and reducing the yield to investors. Earlier today, S&P cut CHK's credit rating to BB- from BB.

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