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Oil and Gas

Chesapeake Energy's borrowing base slashed

June 18 (Reuters) - Chesapeake Energy Corp said its borrowing base under a loan agreement was cut to $2.3 billion from $3 billion and its creditors had agreed to waive some defaults.

The company also said in a regulatory filing that it had chosen not to make interest payments of around $10 million due June 15 on some of its notes. (Reporting by Shariq Khan in Bengaluru; Editing by Maju Samuel)

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