for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Westlaw News

IN BRIEF: Chesapeake Energy judge finds hefty fees are worth 'certainty' of financing

Chesapeake Energy on Friday obtained court approval to pay at least $60 million in fees related to its current restructuring strategy, defeating junior creditors who say the fees are intended to lock in a plan that is overly beneficial to favored lenders.

Chief U.S. Bankruptcy Judge David Jones in Houston signed off on the fees, which are tied to $2.5 billion in exit financing and a $600 million rights offering, during a telephonic hearing. He rejected the unsecured creditors’ committee’s argument that the fee request came too early in the case.

To read the full story on Westlaw Today, click here: bit.ly/3gkDxJg

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up