Chesapeake Energy Plunges on Cash Concerns

  • Gas driller probably will tap credit line rather than cash
  • Maelstrom of plunging prices, downgrades battering industry

Chesapeake Energy: No Plans to Pursue Bankruptcy

Chesapeake Energy Corp.’s ability to pay off a half-billion dollars in debt next month hinges on how much of a $1.76 billion nest egg and $4 billion credit line has already been burned by the second-largest U.S. natural gas producer.

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