2 weeks Chesapeake Approved to Exit Bankruptcy, Cut $7 Billion in Debt Financial Post     

(Bloomberg) — Chesapeake Energy Corp. won court approval for a reorganization plan that slashes about $7 billion in debt in exchange for handing over ownership to its senior lenders, including Franklin Resources Inc. The decision by U.S. Bankruptcy Judge David Jones caps a years-long effort to repair the company’s finances, which became bloated after repeated […]

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