Item 1.01 Entry into a Material Definitive Agreement.
On
The Amendment, among other things, permits the issuance of certain secured
indebtedness with a lien priority behind the obligations under the Credit
Agreement without a corresponding 25% reduction in the borrowing base under the
Credit Agreement, if issued by
The above description of the material terms and conditions of the Amendment is a summary only, does not purport to be complete, and is qualified by reference to the full text of the Amendment attached to this Current Report as Exhibit 10.1.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant
On
The terms and conditions of the Notes are described in Chesapeake's Current
Report on Form 8-K filed on
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Document Description 10.1 Third Amendment to Amended and Restated Credit Agreement, dated as ofDecember 26, 2019 , among Chesapeake,MUFG Union Bank, N.A. and the Lenders party thereto. Cover Page Interactive Data File (embedded within the Inline XBRL 104 document).
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