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Chesapeake Energy has opted to skip making its interest payment on bonds due 2021 and 2027.
The company owes more than $250 million in interest payment this year, on its $9 billion on outstanding debt. As of 1Q 2020, the company had $82 million in cash and a $1 billion in undrawn credit lines.
The company continues to run a 3 rig program across the Haynesville and Eagle ford assets.
Chesapeake Drilling Activity - Rigs
Completion Activity
More Financial Trouble - Missed Payment News
DISTRESS TRACKER: Bankruptcies, Defaults, Forbearance, Skipped Payments, Etc.
Tracking company that are in financial distress. This list entails : bankruptcies skipped interest payments broken debt covenants extension of forbearance and more..
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