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LNG - 14 May 2012

Chesapeake obtains US$ 3 Billion loan – pressure on McClendon increases

Chesapeake Energy Corp has announced that it has received a loan worth US$ 3 billion from Goldman Sachs and Jeffries Group that should provide the company with short-term financial flexibility. The company’s CEO, Aubrey McClendon continues to face intense scrutiny over his financial activity.