Chesapeake Energy Corp.

Has amended and restated its senior secured revolving credit facility agreement. The amended and restated facility received initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3 billion borrowing base the company was seeking. The initial borrowing base does not include any properties being sold in the company's $2 billion Utica Shale transaction expected to close in the fourth quarter of 2018, thus the borrowing base will not be affected when the transaction closes. The credit facility will mature in September 2023.