Chesapeake Energy (CHK) reportedly has paid off more than half of a $4B bridge loan after...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake Energy (CHK) reportedly has paid off more than half of a $4B bridge loan after receiving $2.8B in cash from the sale of some of its oil and gas properties in the Permian Basin. The loan, made in May, was a lifeline for CHK as it was staring at a $10B funding shortfall; so far this year, CHK has sold ~$12B of its assets.