Chesapeake Energy to repay revolver debt with stock proceeds

By Sara Rosenberg

New York, March 27 - Chesapeake Energy Corp. plans to repay borrowings under its revolving credit facility using proceeds from the sale of 20 million shares of common stock, according to a 424B5 filed with the Securities and Exchange Commission Wednesday.

Chesapeake is an Oklahoma City-based oil and natural gas exploration and production company.

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